AJR Infra and Tolling Ltd.
Snapshot View

1.83 -0.09 ▼-4.7%

29 July 2021, 04:00:00 P.M.
Volume: 1,319,157

Overview View Details

Sector Infrastructure Compare with Sector peers
Industry Engineering - Construction Compare with Industry peers
Website http://www.gammoninfra.com
Financial Indicators
Market Cap 172.36 Cr.
Earnings per share (EPS) -2.48 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 41.97 Trailing Twelve Months Ending 2021-03
Book Value / Share 1.71 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.07 Calculated using Price: 1.83
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 94.18 Cr. 941,830,724 Shares
FaceValue 2
Company Profile

Gammon Infrastructure Projects Limited ('GIPL') is an infrastructure project development company incorporated on April 23, 2001  by Gammon India Limited, to participate in the development of infrastructure projects on a public private partnership ('PPP') basis.

GIPL is among the first companies in India to be modeled as an infrastructure developer holding company with investments spread across various sectors.Today, GIPL leads Gammon Group's forays into development of infrastructure projects on PPP basis across sectors such as Roads & Expressways, Ports, HydroPower, Urban infrastructure, Airports, Special Economic Zones, Water and Wastewater management, Railways, Power Transmission lines, and Agricultural Infrastructure.

Its promoter is Gammon India Limited, which is a leading civil engineering and construction company in India, with over 85 years of experience in this sector. Gammon India Limited was established by the late J. C. Gammon in 1919 as a firm of Civil Engineers & Contractors, which in 1922 was incorporated as a company under the name of J. C. Gammon (Bombay) Ltd.

The company is modelled as a project developer company, which invests in SPVs for infrastructure projects. It also,presently, handle O&M contracts directly in the road sector.It operate as an overall infrastructure holding company with interests in SPVs responsible for carrying on specific projects being undertaken by us. Currently, there are four SPVs in operation. Such SPVs include its subsidiaries and companies formed with other partners where it do not hold a majority share.

GIPL is present in the following areas of Infrastructure development:

  • Project Development
  • Project Advisory
  • Sector Specific Operations & Maintenance

Projects undertaken : GIPL'S current portfolio of projects includes:

  • Adityapur SEZ Limited
  • Andhra Expressway Limited (AEL)
  • Cochin Bridge Infrastructure Company Limited (CBICL)
  • Gorakhpur Infrastructure Company Limited (GICL)
  •  Haryana Biomass Power Limited (HBPL) \
  •  Indira Container Terminal Private limited (ICTPL)
  •  Kosi Bridge Infrastructure Company Limited (KBICL)
  •  Mumbai Nasik Expressway Limited (MNEL)
  •  Pravara Co-Generation Power Project
  •  Punjab Biomass Power Limited (PBPL)
  •  Rajahmundry Expressway Limited (REL)
  •  Sikkim Hydro Power Ventures Limited (SHPVL)
  •  Tidong Hydro Power Limited (THPL)
  •  Vizag Seaport Private Limited (VSPL)

Milestones\ Achievement

  • 3-Dec-07 - License Agreement signed for Indira Container Terminal PrivateLimited
  • 8-Aug-07 - Letter of Intent received for Mumbai Offshore Container Terminal
  • 14-Jun-07 - Letter of Intent received for Adityapur SEZ
  • 11-May-07 - Financial Closure achieved for Gorakhpur Infrastructure Company Limited
  • 28-Apr-07 - Financial Closure achieved for Kosi Bridge Infrastructure Company Limited
  • 9-Apr-07 - Letter of Intent received from government of Himachal Pradesh – Tidong
  • 22-Nov-06  - Letter of Intent received from the HAREDA
  • 6-Oct-06  - Concession Agreement signed for Kosi Bridge Infrastructure Company Limited
  • 6-Oct-06  - Concession Agreement signed for Gorakhpur Infrastructure Company Limited
  • 10-Aug-06   - Implementation cum power purchase agreement for Punjab Biomass Project Limited
  • 1-Jun-06  - Financial Closure of Mumbai Nasik Expressway
  • 19-Dec-05 - Preferential allotment of equity shares to AMIF I Ltd, Mauritius
  • 8-Dec-05 - Concession Agreement signed for Rangit II Hydroelectric project
  • 14-Oct-05  - Concession agreement signed for Mumbai Nasik Expressway
  • 31-Jan-05  - “Take or Pay” agreement signed with SAIL
  • 30-Oct-04  - COD achieved for the Dharmavaram Tuni Expressway
  • 24-Sep-04  - COD achieved for berth EQ8 at Visakhapatnam port
  • 20-Sep-04  - COD achieved for the Rajahmundry Dharmavaram Expressway
  • 20-Sep-04 - REL Final Completion Certificate
  • 15-Jul-04  - Put & Call Option agreement signed with IPS Limited
  • 28-Apr-04 - Agreement with Lastin Holdings Limited signed in relation to equity stake in VSPL
  • 13-Feb-02 - O&M Contract signed for the Rajahmundry Dharmavaram  Expressway (REL to GIL)
  • 28-Nov-01 - License obtained for 2 multipurpose berths at Visakhapatnam port
  • 30-Oct-01 - Concession Agreement signed for the Dharmavaram Tuni  Expressway
  • 30-Oct-01 - Concession Agreement signed for the Rajahmundry Dharmavaram Expressway
  • 26-Sep-01 - COD achieved for the New Matancherry Bridge
  • 23-Apr-01 - Incorporation of the Company
  • 27-Oct-99 - Concession was obtained for project on New Mattancherry bridge by entering into a Concession Agreement

Recent Development:

  • September 2010 - Gammon Infrastructure Projects achieved financial closure for a loan worth Rs 846 crore for Patna Highway Projects. The total estimated cost of the project is Rs 940 crore and the concession period of the project is 15 years including a construction period of 2.5 years.
  • June 2010 - Gammon Infrastructure Projects’ special purpose vehicle (SPV) -- Punjab Biomass Power, in which it has 50% stake, commissioned its first biomass based plant of 12 MW at Patiala and started exporting power to the state grid. The plant has been designed to use biomass fuel such as rice straw / husk and has sufficient stocks of fuel to operate till the next harvesting season, beginning from September
  • June 2010 – The company entered into a Memorandum of Agreement (MoA) for the acquisition of an entity, which is setting up a 250 MW coal based power plant in Western India. With this acquisition it will now venture into thermal power generation. It already has hydro and biomass power projects under various stages of implementation.
  • May 2010 - Gammon Infrastructure Projects’ subsidiary -- Mumbai Nasik Expressway -- started partial tolling operations at the Nasik end of the road stretch for 64 km, out of the total length of 100 km with effect from May 29, 2010.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-4.69%
1 Week
-21.79%
1 Month
-30.68%
3 Month
+154.17%
6 Month
+128.75%
1 Year
+157.75%
2 Year
+394.59%
5 Year
-65.60%
9 years 2012-03 2013-03 2013-12 2014-09 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -3.11 3.41 -8.06 -4.89 -24.74 -13.62 -32.00 -48.81 3.75
Return on Capital Employed (%) 3.71 6.90 3.45 3.01 11.66 7.29 4.88 3.42 28.01
Return on Assets (%) -0.52 0.50 -1.04 -0.53 -2.97 -2.00 -3.54 -4.03 0.34

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2013-12 Rs. Cr. 2014-09 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 745 713 671 951 757 653 508 354 421
Non Curr. Liab. 3,072 3,657 3,755 7,431 3,355 3,742 3,720 1,967 872
Curr. Liab. 842 670 889 945 544 438 1,371 2,525 2,602
Minority Int. 122 180 158 158 67 49 14 -40 -42
Equity & Liab. 4,781 5,220 5,473 9,485 4,724 4,883 5,614 4,806 3,853
Non Curr. Assets 4,424 4,908 5,193 9,167 4,133 4,209 5,027 4,207 3,640
Curr. Assets 357 312 280 318 591 674 587 600 213
Misc. Exp. not W/O
Total Assets 4,781 5,220 5,473 9,485 4,724 4,883 5,614 4,806 3,853

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2013-12 Rs. Cr. 2014-09 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 423 690 454 542 1,577 663 625 497 368
Other Income 6 8 6 10 42 22 18 30 27
Total Income 429 698 461 552 1,618 685 643 527 395
Total Expenditure -197 -223 -177 -200 -986 -398 -380 -298 -179
PBIDT 232 475 284 352 632 288 263 229 216
Interest -156 -297 -219 -207 -644 -309 -340 -361 -383
Depreciation -78 -161 -120 -168 -100 -50 -87 -109 -126
Taxation -12 7 -1 22 -41 -27 -16 55 -13
Exceptional Items -10 -38 -58 2 -5 -24 320
PAT -22 25 -56 -40 -211 -96 -186 -210 15

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2013-12 Rs. Cr. 2014-09 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 240 361 408 416 256 416 374 278 363
Cash Fr. Inv. -1,003 -609 -409 -382 118 -441 -64 -60 -18
Cash Fr. Finan. 846 85 20 -71 -349 -21 -306 -257 -347
Net Change 83 -163 18 -37 25 -46 4 -39 -3
Cash & Cash Eqvt 232 69 88 51 76 30 50 11 7

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 20.60 20.60 20.60 20.60 20.60 20.60 20.60 20.60 20.60
Public 79.40 79.40 79.40 79.40 79.40 79.40 79.40 79.40 79.40
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Announcements View Details

Wed, 21 Jul 2021
Shareholding for the Period Ended June 30 2021
Gammon Infrastructure Projects Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Tue, 20 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Kaushal Shah
Designation :- Company Secretary and Compliance Officer
Thu, 08 Jul 2021
Outcome Of Board Meeting
Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we are submitting herewith:

(i) Audited Standalone & Consolidated Financial Results for the quarter and financial year ended on March 31 2021 along with the related Auditors Reports thereon in prescribed forms approved and taken on record by the Board of Directors of the Company at its meeting held today and concluded at 10:15 p.m.;

(ii) Statement on Impact of Audit Qualifications (for Audit Report with modified opinion) on the said Financial Results.

Kindly take the same on record.

Technical Scans View Details

Wed, 28 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
Close Crossing Current Month Low Close Crossing Current Month Low

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