Ashish Kacholia’s portfolio multibagger stock receives order worth Rs 155.87 crore from Bharat Petroleum Corporation Ltd; with order book of Rs 1,425.94 crore!
The stock is up by 95 per cent in just 1 year and gave multibagger returns of 400 per cent in 3 years.
Likhitha Infrastructure Ltd informed that the company received an order worth Rs 155.87 crore (excluding GST) from Bharat Petroleum Corporation Ltd. The order includes pipeline laying and HDD works for the Krishnapatnam - Hyderabad Multi-Product Pipeline (KHPL) for Part A & Part B. Part A will be completed in 16 months and Part B will be completed in 12 months.
Earlier, the Board of Directors of the Company has considered and approved the raising of funds by way of issuance of such number of equity shares having a face value of Rs 5 each of the Company (Equity Shares), for an aggregate amount not exceeding Rs 125 crore by way of Qualified Institutional Placement (QIP) or another permissible mode.
An ace investor, Ashish Kacholia owns 7,00,000 shares or 1.77 per cent stake in the company as of June 2023.
Order Book Update: As of March 31, 2023, the company’s outstanding order book stands at Rs 1,42,593.92 lakh or Rs 1,425.94 crore. The order book comprises Rs 97,585.55 lakh contributed by cross-country pipelines and associated facilities, Rs 32,480.92 lakh from city gas distribution including CNG stations, Rs 452.79 lakh from operation & maintenance of CNG / PNG and Rs 12,074.65 lakhs from tankage & terminal projects. The company is confident that its robust order book will enable it to achieve sustainable growth in its current business portfolio through profitable expansion and execution.
On Friday, shares of Likhitha Infrastructure Ltd surged 2.10 per cent to Rs 337.20 per share from its previous closing of Rs 330.55 with an intraday high of Rs 342.65 and an intraday low of Rs 327.80. The stock also made a new 52-week high of Rs 342.65 per share.
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According to the Quarterly Results, the net sales increased by 12 per cent to Rs 90 crore and net profit increased by 14.3 per cent to Rs 16 crore in Q1FY24 over Q1FY23. The net sales increased by 42.02 per cent to Rs 365 crore and net profit increased by 30.43 per cent to Rs 60 crore in FY23 over FY22.
The stock has an ROE is 26.9 per cent and an ROCE of 37 per cent. The stock is up by 95 per cent in just 1 year and gave multibagger returns of 400 per cent in 3 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.