Shares of Nila Infrastructures Limited have surged by over 60% in the last six months, showcasing strong growth in the company’s performance. In the latest Quarterly Results for Q4FY24, the company reported a revenue of Rs 86.75 crore, marking a significant 101.01% YoY growth. The operating profit also saw a substantial increase of 164.77% YoY, standing at Rs 9.53 crore, while the company’s profit after tax (PAT) soared by 1,874.06% YoY to Rs 5.25 crore.
Nila Infrastructures Limited, a part of the Sambhaav Group based in Ahmedabad, initially started as a real estate developer in Gujarat and has now diversified its operations to include infrastructure projects in Gujarat and Rajasthan. The company holds a land bank of approximately 300 acres in Becharaji, Gujarat, focusing on developing industrial, logistics parks, and residential infrastructure. With a robust order book of Rs 7,281 Mn as of June 30, 2022, Nila’s revenue is primarily driven by affordable housing projects.
Investors in Nila Infrastructures Limited have witnessed multibagger returns over the past year, with the company’s stock price rising from Rs 5.20 on May 08, 2023, to Rs 11.05 on May 06, 2024, representing a growth of around 100%. The company boasts a Return on Capital Employed (ROCE) of 12.5% and a Return on Equity (ROE) of 8.14%, along with a market capitalization of Rs 436 crore.
The stock of Nila Infrastructures has shown remarkable growth, making it a stock worth monitoring for potential investors. It is important to note that this article is for informational purposes only and does not constitute investment advice.
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