Rs 2,138 Crore Order Book & DIIs Bought 19,85,070 Shares: Vijay Kedia's Portfolio Multibagger Infra Stock Locked In 10 Per Cent Upper Circuit; Do You Have It?
In just 1 day, Vijay Kedia’s portfolio gains Rs 3,33,60,000 (24 lakh shares x Rs 13.90 per share).
On Monday, shares of this infrastructure company were locked in a 10 per cent upper circuit to Rs 153.05 per share from its previous closing of Rs 139.15 per share. The stock’s 52-week high is Rs 227.90 and its 52-week low is Rs 99.
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 September 2024 (Bought at Rs 61.70 per share). In just 1 day, Vijay Kedia’s portfolio gains Rs 3,33,60,000 (24 lakh shares x Rs 13.90 per share).
The Stock Name is OM INFRA LTD.
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.
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Talking about the finances, the company has a market cap of Rs 1,474 crore with a 3-year stock price CAGR of 65 per cent. According to Quarterly Results, the net sales increased by 41 per cent to Rs 238.43 crore and net profit decreased by 69 per cent to Rs 3.93 crore in Q2FY25 compared to Q1FY25. 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 September 30, 2024, the company’s order book stands at Rs 2,138 crore which is 2x of its FY24 revenue.
The shares of the company have a PE of 52x whereas the industry PE is 32x with an ROE of 7 per cent and an ROCE of 13 per cent. In September 2024, DIIs bought shares and increased their stake to 3.92 per cent compared to June 2024. The stock is up by 54.6 per cent from its 52-week low of Rs 99 per share and gave multibagger returns of 385 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.