Globe Civil Projects Limited
- Minimum Investment₹14,137
- Price Range₹67 - ₹71
- Issue Size₹119.00 Cr
- Lot Size211 shares
Proceeds of this IPO to be used for
Funding working capital requirements of the company
Funding capital expenditure requirements towards the purchase of equipment/machinery
General corporate purposes
Strengths & Weaknesses of Globe Civil Projects Limited
Project management & execution capabilities
The company has a proven track record of executing a diverse range of construction projects, completing 37 projects in the past two decades, with 12 ongoing. The largest project completed was the Academic and Admin Block at AIIMS, Raipur, covering 463,801.5 sq. ft. and costing Rs 181.4 crore
Growing order book
The order Book reflects the estimated contract value of unexecuted construction projects and indicates future revenue visibility. The Book to Bill Ratios for FY24, FY23, and FY22 were 2.95, 4.02, and 1.08 times, respectively
Consistent financial performance
Total revenue from operations grew from Rs 285.7 crore in FY22 to Rs 332.2 crore in FY24, representing a CAGR of 7.8%. Profit before tax rose from Rs 7.02 crore in FY22 to Rs 20.9 crore in FY24, showing a CAGR of 72.9%
Dependent on demand
The business and profitability depend heavily on demand for construction services and budget allocations in India’s infrastructure and non-infrastructure sectors. A reduction in activity and spending in these areas could negatively impact prospects and hinder growth
Competition
Projects are awarded through competitive bidding and meeting specific qualifications. Revenues primarily come from contracts obtained on a project-by-project basis, with many construction projects being non-recurring
Dependent on vendors
The business and profitability rely heavily on the availability and cost of raw materials, sourced from third-party suppliers. Disruptions or price volatility in raw materials could negatively affect operations and financial health
Financials
Earnings Per Share
No Data
Balance Sheet
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Cash Flow
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About Globe Civil Projects Limited
- PromoterVed Prakash Khurana
- PromoterNipun Khurana
- PromoterVipul Khurana