Rs 2,100 crore order book: Vijay Kedia’s portfolio company secures Rs 448 crore water infrastructure projects in Uttar Pradesh
The company's shares saw a spurt in volume by more than 4 times on BSE.
On Thursday, shares of this infrastructure company gained 15 per cent to Rs 124.50 per share from its previous closing of Rs 108.20 per share. The stock’s 52-week high is Rs 227.90 per share and its 52-week low is Rs 99 per share. The company's shares saw a spurt in volume by more than 4 times on BSE.
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 December 2024 (Bought at Rs 61.70 per share). In just 1 day, Vijay Kedia’s portfolio gains Rs 3.91 crore (24 lakh shares x Rs 16.3 per share).
The Stock Name is OM INFRA LTD.
Om Infra Ltd has secured two substantial water infrastructure projects in Uttar Pradesh, totalling Rs 448 crore, from Uttar Pradesh Jal Nigam (Rural). The projects, one for the Moradabad Circle (Districts Amroha and Sambhal) valued at Rs 106.10 crore, and the other for the Lucknow Circle (Districts Hardoi, Lakhimpur Khiri, Sitapur & Lucknow) valued at Rs 342 crore, will focus on revitalizing rural water supply schemes. These projects encompass a comprehensive scope of work, including survey, design, DPR preparation, procurement, construction, trial runs, and long-term operations and maintenance, aiming to ensure the full functionality of previously defunct or partially operative rural water supply systems.
These significant contracts underscore Om Infra's expertise and leadership in the water infrastructure sector. The projects involve the restoration and enhancement of critical water supply systems, addressing the needs of numerous rural communities across Uttar Pradesh. By undertaking these projects, Om Infra will play a vital role in improving access to clean and reliable water, contributing to the overall development and well-being of the region. This achievement reinforces the company's commitment to delivering high-quality infrastructure solutions and solidifies its position as a key player in India's infrastructure development landscape.
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About OM INFRA LTD
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.
The company has a market cap of over Rs 1,100 crore with a 3-year stock price CAGR of 65 per cent. 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 December 31, 2024, the company’s order book stands at Rs 2,100 crore.
The shares of the company have a PE of 48x whereas the industry PE is 31x with an ROE of 7 per cent and an ROCE of 13 per cent. The stock is up by 26 per cent from its 52-week low of Rs 99 per share and gave multibagger returns of over 600 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.