Rs 47,040 crore order book and FIIs & DIIs increase stake: This multibagger civil construction company bags new orders worth Rs 3,244 crore!

The stock has gained more than 30 per cent in the last six months.

Kalpataru Projects International Limited (KPIL) is on a roll. The company has secured a whopping Rs. 3,244 crores in new orders through JVs, subsidiaries, and the company itself. This includes KPIL's biggest-ever project, a massive residential complex in South India, spanning 13 million square feet, for a renowned developer.

Not just buildings, KPIL is making its mark in electric mobility. The company bagged an order for an underground metro rail project, marking their entry into this crucial sector with specialized TBM tunneling expertise.

This order spree also includes wins in the Transmission and distribution (T&D) business from overseas markets, further solidifying KPIL's global footprint. These diverse and significant projects showcase KPIL's expanding capabilities and position them for continued growth.

Also read, Understanding Option Chain and Open Interest in Option Trading

The company has a strong revenue outlook for the medium term, with consolidated orders worth Rs 47,040 crore as of September 30, 2023. Favorable prospects for international and domestic T&D, building construction, water, and urban infrastructure space should continue to support the business. The company has also delivered multibagger returns of over 120 per cent in the last three years. FIIs and DIIs have increased their stake in the company to 8.50 and 42.70 per cent in September 2023 respectively.

Kalpataru Projects International Limited is engaged in the business of power transmission and distribution, oil & and gas pipeline, railways, infrastructure development, civil contracting and warehousing, and logistics business with a strong international presence in power transmission & and distribution.

Disclaimer: The article is for informational purposes only and not investment advice.