Ashish Kacholia sold 7,00,000 shares of this multibagger civil construction stock with Rs 1,600 crore order book; Scrip hit 52-week high & trades at high ROE & high ROCE

The shares of the company have an ROE of 24 per cent and an ROCE of 33 per cent.

Today, shares of Likhitha Infrastructure Ltd gained 16.3 per cent to an intraday high of Rs 497 per share from its previous closing of Rs 427.35. The stock also made a fresh new 52-week high of Rs 497 per share and its 52-week low is Rs 231.05. The shares of the company saw heavy volume today. The stock gave multibagger returns of over 100 per cent from its 52-week low and a whopping 300 per cent in 2 years.

Likhitha Infrastructure Ltd, established in 1998, specializes in oil and gas pipeline infrastructure across India. They offer a comprehensive service including laying pipelines (steel and MDPE) for various purposes like city gas distribution (including CNG stations), cross-country oil and gas pipelines, and irrigation canals. They also build associated facilities, bridges and provide operation and maintenance services. With a presence in 19 states and 2 union territories, Likhitha has a strong track record, having laid over 1000 km of pipelines and currently undertaking projects for major clients like GAIL, HPCL, NRL, and IOCL. Their services encompass not only pipeline construction but also operation and maintenance, including skilled manpower, emergency repairs, and scheduled maintenance activities. They even construct fuel depots with storage tanks and handle all the associated civil, electrical, and mechanical works.

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Order Book Update: As of March 31, 2024, the company’s outstanding order book stands at Rs 1,600 crore. The order book comprises Rs 1,135 crore orders for cross-country pipeline projects, Rs 385 crore orders for city gas distribution and Rs 80 crore orders for tankage.

According to the Quarterly Results, the net sales increased by 4.3 per cent to Rs 122.3 crore and net profit increased by 6 per cent to Rs 17.7 crore in Q4FY24 over Q4FY23. The net sales increased by 15.5 per cent to Rs 421.7 crore and net profit increased by 8.2 per cent to Rs 65.2 crore in FY24 over FY23.

An ace investor, Ashish Kacholia sold 7,00,000 shares or 1.77 per cent stake in the company in Q4 of the financial year 2024 – 2025. The shares of the company have an ROE of 24 per cent and an ROCE of 33 per cent. Investors should keep an eye on this civil construction stock.

Disclaimer: The article is for informational purposes only and not investment advice.