| Order Value | ₹33.15 CrExcluding GST |
|---|---|
| Market Cap | ₹349.97 CrSmall Cap |
| Revenue TTM | ₹202.37 CrOperating |
| P/E Ratio | 10.69Sector: 21.53 |
| Order from | Odisha Industrial Infrastructure Development Corporation (IDCO) |
| Execution period | Two (2) years |
Key highlights
- Subsidiary AGICL declared H1 bidder through a competitive QCBS evaluation process
- Total contract value stands at ₹33.15 crore excluding GST
- Project involves program management consultancy for various IDCO infrastructure projects
- Execution timeline set for a period of two years from the commencement date
- Requires submission of a ₹3.31 crore performance bank guarantee within seven days
What Is the Order?
Almondz Global Infra Consultant Limited has been awarded a major consultancy contract for the Engagement of Programme Management Consultant for various projects of the Odisha Industrial Infrastructure Development Corporation. The selection was finalized based on the Quality and Cost-Based Selection evaluation method, where the company emerged as the H1 bidder. The project, valued at ₹33,15,20,000, excludes GST and carries a performance bank guarantee requirement of approximately ₹3.31 crore.
The subsidiary is expected to execute the contract agreement within 15 days of the issuance of the Letter of Award.
Client Profile
The awarding authority, Odisha Industrial Infrastructure Development Corporation, is a Government of Odisha undertaking based in Bhubaneswar. As the nodal agency for industrial infrastructure, IDCO facilitates land acquisition and develops industrial estates and parks across the state. This contract highlights the entity's reliance on technical consultancy for its diverse project pipeline.
By securing this award, AGICL strengthens its footprint within the state government ecosystem, specifically in high-value infrastructure management and execution services.
Financial Context
- Company reports trailing twelve months (TTM) revenue of ₹202.37 crore
- Net profit for the TTM period stands at ₹32.75 crore with a 60.18% annual growth rate
- The current P/E ratio of 10.69x trades below the industry average of 40.26x
- Quarterly revenue growth reached 40.69% YoY despite a sequential dip in top-line figures
- Promoter holding recently increased to 55.01%, up 3.83% on a quarter-on-quarter basis
Business Impact
This new order reinforces the group's presence in the infrastructure consultancy and project management segment. The engagement not only provides a stable revenue stream for the next two fiscal years but also demonstrates the subsidiary's competitive technical capabilities in securing government tenders. The contract requires a separate parent company agreement with Almondz Global Securities Limited, further integrating the parent's oversight into the subsidiary's infrastructure service delivery.
This strategic win diversifies the firm's portfolio beyond capital market services into government-led project management.
“The award, secured through a competitive QCBS-based evaluation, reinforces the Group’s presence in the infrastructure consultancy and project management segment and reflects the confidence of a Government of Odisha undertaking in the technical and execution capabilities of AGICL.”
| Share price | ₹20.01 |
|---|---|
| Market capitalisation | ₹349.97 |
| Revenue (annual) | ₹190.43 |
| Net profit (annual) | ₹27.75 |
| P/E (TTM) | 10.69×Sector 21.53× |
| Promoter holding | 55.01%+3.83% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Almondz Global Securities Ltd announcing the receipt of a Letter of Award from IDCO. Market figures from a third-party data provider.
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