Post new funding, this construction firm saw a 5 per cent increase in its stock price

Shares of the company zoomed after getting a nod to raise Rs 75 crore through NCDs.

The closing price of JMC Projects on the BSE is Rs 108.65, an increase of Rs 4.85, or 4.67 per cent, from the previous close of Rs 103.80. The stock has traded as high as Rs 109.80 and as low as Rs 102.85 in today's trade. The counter has seen 32926 trades so far. The scrip's 52-week high was at Rs 110.30 its 52-week low was at Rs 91.45. The present company's market value is Rs 1826.81 crore.

The Board of Directors of JMC Projects has authorised the issuance of 750 Series A Debentures and 750 Series B Debentures, each with a face value of Rs 10 lakh, as Unsecured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) for a total of Rs 75 crore to be used for private placement purposes.

A subsidiary of Kalpataru Power Transmission, JMC Projects (INDIA) is a prominent construction firm in the Indian subcontinent. Industrial and residential construction, as well as electricity and infrastructure development, are the company's primary areas of business activity.

The revenue CAGR over the 3 years is 17 per cent. Revenue for FY22 stands at Rs 5519 crore. At the moment, the business spends roughly 49 per cent of its income on raw materials. The company's sales of Rs 170 crore in the quarter ending in June represented year-over-year growth of 32 per cent over the previous quarter. Revenue is up 34 per cent QoQ sequentially and 69 per cent QoQ annually, and net profit is up 34 per cent QoQ sequentially and 69 QoQ annually. On average, the company has an ROE of 18.7 per cent and a ROCE of 12.8 per cent. Company operations yielded Rs 9 crore in cash in FY22.

A total of 67.75 per cent of the company is owned by its first investors (promoters), while the remaining 33.25 was split between institutions, non-institutions and the public.