Rs 38000 Crore Order Book: This Power Transmission Infra Company Bags Orders Worth Rs 1,061 Crore; Must Watch
The shares of the company have delivered a return of around 46 per cent to its shareholders in just 1 year.
This Mid-Cap company is a global infrastructure EPC major. It has a presence in the verticals of Power Transmission and Distribution, Railways, Civil and urban Infrastructure, Solar, Oil & Gas Pipelines, and Cables. It is the flagship Company of the RPG Group.
KEC International Ltd a global infrastructure EPC major and an RPG Group Company, has secured new orders worth Rs. 1,061 crores across its various businesses:
Transmission & Distribution (T&D):
The business has secured orders for T&D projects in India, East Asia Pacific, and the Americas:
- Transmission lines and Substation order from a reputed private developer in India
- Additional order for a Transmission line in Malaysia
- Supply of towers, hardware, and poles in the Americas
Railways:
The business has secured orders in technologically enabled/conventional segments in India:
- Gauge conversion: Maiden order for composite gauge conversion works
- Power Supply System for Metro: Setting up power supply system, including receiving substation, high voltage cabling, and associated civil works, from Bengaluru Metro Rail Corporation (BMRC)
Cables:
The business has secured orders for the supply of conductors and cables:
- Supply of power transmission conductors from a renowned infrastructure player in India
- Supply of various types of cables in India and overseas
Share Performance:
On Friday, the company's stock closed at around Rs 767.85 per share, with a market capitalization of Rs 19,750 crore. The stock has delivered a return of around 46 per cent in just 1 year.
Financial performance:
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 6165 crore compared to Rs 5525 crore and a net profit of Rs 152 crore compared to Rs 72 crore. In FY24, the company reported a revenue of Rs 19914 crore compared to Rs 17282 crore, and a net profit of Rs 347 crore, compared to a profit of Rs 176 crore in the previous year.
Regarding the shareholding pattern, the promoters own 51.88 per cent of the company, while FIIs and DIIs hold 12.45 per cent and 25.84 per cent, respectively. Public or retail investors hold the remaining 9.83 per cent.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.