Announcement Summary
- Company: Praveg Limited
- Order Value: Rs 399.95 Crore
- Client: Deputy Conservator of Forest, Porbandar Forest Division
- Location: Timdi, Taluka Bhanvad, Devbhumi Dwarka District, Gujarat
- Date: Event scheduled on 10th August 2025; Order awarded on 2nd August 2025
Praveg Limited has secured a significant contract to manage the event for the upcoming ‘World Lion Day 2025’ at Timdi in Gujarat. The Letter of Award was issued by the Deputy Conservator of Forest, Porbandar Forest Division, entrusting the company to organize event management services specifically for this high-profile event scheduled on August 10, 2025.
The contract is domestic and involves a one-time execution of event management services, with a total order size valued at Rs 399.95 crore. This engagement highlights the company’s expanding footprint in event services catered to government clients and major public functions.
Key Fundamentals
- Market Cap: Rs 1195 Crore
- Current Price: Rs 457
- 52-Week High / Low: Rs 928 / Rs 436
- Stock P/E: 71.6
- Book Value: Rs 177
- Dividend Yield: 0.22%
- Return on Capital Employed (ROCE): 6.59%
- Return on Equity (ROE): 4.44%
- Face Value: Rs 10
- Price to Book Value: 2.56
- Earnings Per Share (EPS): Rs 6.14
- Promoter Holding: 45.5%
- Industry P/E: 38.6
- EV/EBITDA: 21.7
- Market Cap to Sales: 7.15
- 3-Year Return: 41.1%
What This Means for Investors
This newly secured contract from the Gujarat Forest Department for a prestigious state event reflects Praveg Limited’s capability in handling large-scale government assignments in event management. The sizeable order will contribute to the company’s order book and may enhance its reputation within the public sector, potentially leading to more opportunities in similar domains. Given it is a one-time event, the financial impact will be significant during the contract period, but recurring revenues from similar projects may not be guaranteed.
Past Orders or Related News
On September 17, 2024, Praveg Limited received a Letter of Award from the Tourism Corporation of Gujarat Limited for operating, maintaining, and managing 30 Bhungas at Dhordo, complementing its existing 46 tents. This five-year contract expanded the company’s accommodation offerings to enhance guest experiences.
Source: BSE (Click To Download PDF).
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I’m Shahid Shaikh, a software engineer who has observed and tracked the stock market for over ten years. Through my blog, I deliver daily news updates on market trends and financial headlines. I focus on informing readers—not giving investment advice—so the insights here are purely educational.