FII bought 9,10,000 shares & DII bought 4,90,280 shares while the promoter sold 86,95,653 shares of this multibagger civil construction stock with Rs 58,415 crore order book; do you own it?

The stock gave multibagger returns of 123.50 per cent from its 52-week low of Rs 515.40 per share.

An FII (Custody Bank of Japan Ltd Re Rb Amundi India Small Cap Equity Mother Fund; Tokyo) bought 9,10,000 shares and a DII (SBI Mutual Fund) bought 4,90,280 shares while the promoter (Kalptaru Constructions Pvt Ltd) sold 86,95,653 shares of this multibagger civil construction stock in June 2024 through open market purchases. This acquisition increased SBI Mutual Fund's total holding in Kalpataru Projects to 15,375,452 shares, representing 9.46 per cent of the company's paid-up share capital, which is a 2 per cent increase from their previous holding of 7.25 per cent.

About Kalpataru Projects International Limited (KPIL)

KPIL is one of the largest specialized EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. KPIL is currently executing projects in over 30 countries and has a global footprint in 73 countries. KPIL has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know-how, and adherence to best-in-class sustainability standards.

The company experienced significant financial growth in the fourth quarter (Q4) of FY24 compared to the same period in FY23. Revenue jumped 22 per cent year-over-year (YoY) to Rs 5,971 crore, driven by strong project execution. This success translated down the line, with profitability metrics also showing impressive gains. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 36 per cent YoY to Rs 452 crore. Profit Before Tax (PBT) witnessed an even steeper increase of 103 per cent YoY to Rs 211 crore, and finally, Profit After Tax (PAT) climbed 21 per cent YoY to Rs 169 crore.

Looking at the full fiscal year (FY24) compared to FY23, the positive trend continues. Revenue reached Rs 19,626 crore, reflecting a 20 per cent YoY increase. EBITDA grew at a similar pace of 19 per cent YoY to Rs 1,628 crore, resulting in an EBITDA Margin of 8.3 per cent for FY24. Profitability remained strong with PBT reaching Rs 701 crore in FY24, up by 27 per cent YoY. PAT followed suit, increasing by 19 per cent YoY to Rs 516 Crores in FY24. It's worth noting that despite this growth, the company's Net Debt remained manageable at Rs 2,591 crores as of March 31, 2024.

Also Read: Multibagger penny stock under Rs 10: This civil construction company bags new order worth Rs 342.27 crore at Gift City – Gandhinagar

Order Book: The company’s order book stands at Rs 58,415 crore (USD 7 billion) as of March 31, 2024, an increase of 27 per cent YoY with 55 per cent with domestic orders and 45 per cent international orders. Year to date FY24, order inflow was worth Rs 30,022 crore with 52 per cent domestic orders and 48 per cent international orders.

Earlier, the company secured three contracts worth approximately SAR 3.4 billion (Rs 7,550 crore) from Saudi Arabian oil giant Aramco for the Master Gas System Network (MGS-3) project. This significant win involves laying over 800 kilometres of lateral gas pipelines to enhance the existing gas network and deliver gas supply to industrial consumers across the region. The MGS-3 project contributes to Saudi Arabia's strategy of diversifying its energy mix by replacing liquid fuel burning and meeting the growing energy demand, with KPIL bringing its two decades of experience in pipelines and a commitment to best practices in project management, quality, and safety to the collaboration.

Today, shares of KPIL surged 0.27 per cent to Rs 1,151.90 per share from its previous closing of Rs 1,148.80 with an intraday high of Rs 1,166 and an intraday low of Rs 1,145.05. The stock’s 52-week high is Rs 1,369.95 while its 52-week low is Rs 515.40s. The company has a market cap of over Rs 18,000 crore.

In March 2024, FIIs increased their stake to 8.17 per cent compared to 7.69 per cent in December 2023. The stock gave multibagger returns of 123.50 per cent from its 52-week low of Rs 515.40 per share. Investors should keep an eye on this Mid-Cap stock.

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