Rs 2,048 crore order book: Vijay Kedia's portfolio multibagger civil construction stock was locked in the upper circuit on August 21
The stock gave multibagger returns of 260 per cent in just 1 year and a whopping 1,080 per cent in 5 years.
On Wednesday, along with the stock market in green, shares of this civil construction company hit a 5 per cent upper circuit to Rs 198.65 per share from its previous closing of Rs 189.20. The stock’s 52-week high is Rs 227.90 and its 52-week low is Rs 56.18. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.
An ace investor, Vijay Kedia through his self-owned company Kedia Securities Pvt Ltd owns 24,00,000 shares or a 2.49 per cent stake in the company as of June 2024 (Bought at Rs 61.70 per share). From Rs 61.70 to Rs 198.65 per share, the stock is up by Rs 136.95 per share or 222 per cent. Therefore, his portfolio gains by Rs 32,86,80,000 from this multibagger civil construction stock (24,00,000 shares x Rs 136.95 per share). Earlier, On June 11, 2024, a DII- Quant Mutual Fund bought 16,88,963 shares at Rs 130 per share (1.86 per cent stake).
The Stock Name is OM INFRA LTD.
About the Company
Om Infra Ltd is a multifaceted infrastructure company with a wide range of businesses. They specialize in engineering solutions, particularly hydro-mechanical equipment like gates and hoists, and can even handle entire projects from start to finish (turnkey solutions). Om Infra also has a real estate division that builds various types of properties including hotels with unique features like revolving restaurants, along with multiplexes, IT parks, and more traditional residential and commercial spaces. They even have experience with silo projects, demonstrating their diverse infrastructure capabilities.
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Talking about the finances, the company has a market cap of over Rs 1,900 crore with a 3-year stock price CAGR of 90 per cent. According to Quarterly Results, the net sales decreased by 36.5 per cent to Rs 169.50 crore and net profit decreased by 11.7 per cent to Rs 12.54 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 39.4 per cent to Rs 1,113.82 crore and net profit increased by 262.2 per cent to Rs 47.10 crore in FY24 compared to FY23. As of June 30, 2024, the company’s order book stands at Rs 2,048 crore which is 2x of its FY24 revenue.
The shares of the company have a PE of 35x whereas the industry PE is 40x with an ROE of 2 per cent and an ROCE of 8 per cent. The stock gave multibagger returns of 260 per cent in just 1 year and a whopping 1,080 per cent in 5 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.
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