Ashish Kacholia’s portfolio stock with Rs 1,595 crore order book: This civil construction company bags new order worth Rs 33.32 crore from BPCL

The stock has an ROE is 26.9 per cent and an ROCE of 37 per cent.

Likhitha Infrastructure Ltd informed that the company received an order worth Rs 33.32 crore (inclusive of GST) from Bharat Petroleum Corporation Ltd (BPCL). The order includes the laying & construction of a 3lpe coated carbon steel underground pipeline & associated works for Erode, Sri Ganganagar, Lakhimpur-Kheri & Koriya GA, - Part D (Lakhimpur-B) and will be completed in 12 months.

Earlier, the company received an order worth Rs 155.87 crore (excluding GST) from Bharat Petroleum Corporation Ltd. The order includes pipeline laying and HDD works for the Krishnapatnam - Hyderabad Multi-Product Pipeline (KHPL) for Part A & Part B. Part A will be completed in 16 months and Part B will be completed in 12 months.

Order Book Update: As of December 31, 2023, the company’s outstanding order book stands at Rs 1,595 crore. The order book comprises Rs 1,167 crore orders for cross-country pipeline projects, Rs 343 crore orders for city gas distribution and Rs 85 crore orders for tankage.

Today, shares of Likhitha Infrastructure Ltd plunged 2.62 per cent to Rs 241.65 per share from its previous closing of Rs 248.15 with an intraday high of Rs 248.10 and an intraday low of Rs 238.15. The stock’s 52-week high of Rs 342.65 per share and its 52-week low is Rs 224.29. An ace investor, Ashish Kacholia owns 7,00,000 shares or 1.77 per cent stake in the company as of June December 2023.

According to the Quarterly Results, the net sales increased by 22 per cent to Rs 101 crore and net profit increased by 7 per cent to Rs 16 crore in Q3FY24 over Q3FY23. The net sales increased by 42.02 per cent to Rs 365 crore and net profit increased by 30.43 per cent to Rs 60 crore in FY23 over FY22. The stock has an ROE is 26.9 per cent and an ROCE of 37 per cent.  Investors should keep an eye on this civil construction stock.

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