Rs 47,332 crore order book and 52-week high alert: This multibagger civil construction company bags new order worth Rs 2,217 crore!

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

Kalpataru Projects International Limited informed in the exchange filing that the company and its international subsidiaries have secured multiple new orders of Rs 2,217 crore. The first order is worth Rs 1,993 crore in the T&D business from India and overseas markets. The second order is for the B&F business of the company worth Rs 224 crore. Owning to the positive new, the stock made a new 52-week high.

Kalpataru Projects International Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 234.95 on October 16, 2020, to Rs 698.50 on October 16, 2023, an increase of about 190 per cent in a three-year holding period.

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

The company has a strong revenue outlook for the medium term, with consolidated orders worth Rs 47,332 crore as of June 30, 2023. Favourable prospects for international and domestic T&D, building construction, water, and urban infrastructure space should continue to support the business.

The revenue of the company for Q1FY24 stood at Rs 4241.00 crore which grew by 15.34 per cent YoY. The operating profit of the company stood at Rs 400.00 crore, while the PAT of the company stood at Rs 113.00 crore, which grew by 28.41 per cent YoY.

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