Globe Civil Projects IPO Upcoming
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About Globe Civil Projects
Established in 2002, Globe Civil Projects is a New Delhi-based engineering, procurement, and construction (EPC) company specializing in infrastructure development across India. The company has executed projects in 11 states, focusing on sectors such as transport and logistics, social and commercial infrastructure, and non-infrastructure projects like commercial offices and housing. Notable projects include the construction of indoor stadiums for the Commonwealth Games 2010, ward blocks for G.T.B Hospital in New Delhi, and facilities for the Indian Institute of Management, Noida. As of FY2024, Globe Civil Projects reported revenues of ₹334.81 crore and a net profit of ₹15.38 crore, reflecting a significant improvement from the previous fiscal year.
Financials of Globe Civil Projects
*All figures are in ₹ Crores.
Strengths
- Over two decades of experience in executing diverse infrastructure projects across multiple states.
- Strong financial growth with a 60% increase in revenue and a 185% rise in net profit in FY2024.
- Robust order book of approximately ₹941 crore as of August 2023, providing revenue visibility for the next three years.
- Established relationships with reputed clients, including government agencies and public sector undertakings.
- Registered as a Class-I contractor with the Central Public Works Department (CPWD), enabling participation in large-scale government projects.
Risks
- High dependency on government contracts, making revenues susceptible to policy and budgetary changes.
- Working capital-intensive operations may affect liquidity during project execution.
- Exposure to regulatory and environmental compliance risks in infrastructure projects.
- Potential delays in project execution due to unforeseen site conditions or approvals.
- Concentration risk if a significant portion of revenue is derived from a few large clients.