🚧 Twamev Construction: Infrastructure Is Booming… But Is This Stock Still Under Construction?
Date of Publishing -
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At a Glance
Twamev Construction, once buried under debt and delays, has pulled off a surprise FY25 profit of ₹56 Cr — driven partly by ₹35 Cr in “other income.” With high debtor days, a 5-year sales decline, and a surprise earnings spike, the market is still trying to figure out: Is this a real infra turnaround or just bridge-to-nowhere accounting?
1. 🧨 Introduction: A Civil Rebound or Financial Jugaad?
Twamev Construction (formerly Tantia Infra) is one of those infra stocks that existed for decades, made some flyovers, and then vanished into oblivion.
But FY25? Profit of ₹56 Cr Market Cap? ₹404 Cr P/E? 4.12x ROE? 35.6%
Suddenly, everyone’s asking:
“Is this the next Capex multibagger?”
But dig deeper and the cracks start showing. Because while the earnings look like Ambani, the revenue still looks like a local PWD contractor.
2. 🏗️ WTF Do They Even Do?
Sector: Civil Infrastructure
Backed by: Tantia Group
Business lines include:
🚆 Railways
🛣️ Roads & Highways
🌉 Bridges & Flyovers
🧱 Urban Infrastructure
⚡ Power, 🛳️ Marine, ✈️ Aviation
🏗️ Ready Mix Concrete (RMC)
So they’re basically a one-stop contractor for any public work where NHAI, IRCON, or NBCC has budget.
But past execution issues and bad debt management meant they missed India’s last infra boom. Is this time different?
