Rs 19,820 Crore Order Book: Mukul Agrawal; Sunil Singhania & Dolly Khanna-Backed Civil Construction Company Bags New Order Worth Rs 1,847.72 Crore From MMRDA
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 394.05 per share and a whopping 330 per cent in 3 years.
J. Kumar Infraprojects Limited has secured a Letter of Acceptance from the Mumbai Metropolitan Region Development Authority (MMRDA) for the design and construction of an elevated road in Thane city, connecting Anand Nagar to Saket along the eastern express Highway. The contract, awarded domestically, is valued at Rs 1,847.72 crore (excluding GST) and is expected to be completed within 48 months. This significant project aligns with the company's expertise in infrastructure development and further strengthens its presence in the Mumbai Metropolitan Region.
Earlier, J. Kumar Infraprojects Limited was awarded a Letter of Acceptance (LOA) as the sole bidder by NBCC (India) Limited for the development of the Hari Nagar Depot of the Delhi Transport Corporation (DTC) in Delhi on an EPC basis. The contract, valued at Rs 334,25,00,000 (inclusive of taxes), is a domestic project with a completion timeline of 24 months. The contract price is subject to adjustment based on changes in GST rates as notified by the Government of India. This significant contract aligns with the company's expertise in infrastructure development and further strengthens its presence in the Delhi region
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J Kumar Infraprojects Limited is engaged in the business of execution of contracts for various infrastructure projects including transportation engineering, irrigation projects, civil construction & piling work, etc. The company has a market cap of over Rs 4,800 crore and shares have a PE of 16x whereas the industry PE is 25x. As of June 30, 2024, the company has an order book worth Rs 19.820 crore.
As of June 2024, Mukul Agrawal owns 20,00,000 shares or 2.64 per cent stake; Sunil Singhania owns 19,91,959 shares or 2.63 per cent stake and Dolly Khanna owns 8,13,803 shares or 1.08 per cent stake. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 394.05 per share and a whopping 330 per cent in 3 years. Investors should keep an eye on this small-cap civil construction stock.
Disclaimer: The article is for informational purposes only and not investment advice.