Dolly Khanna bought 7,58,303 shares of this multibagger small-cap company with Rs 16,447 crore order book; Backed by Mukul Agrawal & Sunil Singhania!
The stock gave multibagger returns of 115 per cent in just 1 year whereas BSE Sensex Index is up by 22 per cent.
Indian stock market was trading flattish with the BSE Sensex Index down 0.03 per cent and the NSE Nifty-50 Index down 0.02 per cent.
Along the market trading flattish, this multibagger civil construction stock was in green, up 0.14 per cent to Rs 592 per share from its previous closing of Rs 591.20. The stock also made a new 52-week high of Rs 635.10 per share and its 52-week low is Rs 229 per share. If an investor bought this stock near its 52-week low of Rs 229 per share, the investor has gained multibagger returns of over 160 per cent.
The stock name is J. KUMAR INFRAPROJECTS LTD.
J Kumar Infraprojects Limited is engaged in the business of execution of contracts for various infrastructure projects including transportation engineering, irrigation projects, civil construction & piling work, etc.
In December 2023, an ace investor, Dolly Khanna took a re-entry in this stock and bought 7,58,303 shares or 1 per cent. Dolly Khanna held this multibagger civil construction company stock in her portfolio in September 2022, but she later sold and now took a re-entry.
Additionally, two ace investors, Sunil Singhania’s fund, i.e., Abakkus Diversified Fund owns 30,05,000 shares or a 3.97 per cent stake and Mukul Agrawal owns 20,00,000 shares of a company or a 2.64 per cent stake.
The company has a market cap of over Rs 4,400 crore and shares have a PE of 15.5x whereas the industry PE is 17x. As of September 30, 2023, the company has Rs 16,447 crore worth of projects in its order book, forming 4x of FY23 revenue.
Earlier, the company received an order worth Rs 582,68,40,000 and will be completed in 24 months from LOI. The order includes the construction of a 4-lane elevated corridor in the grand southern trunk road on Engineering, Procurement & Construction (EPC) Mode from The Superintending Engineer, Highway Department, Construction and Maintenance, Chennai Circle, Chennai.
The company's financial performance accelerated in Q2FY24, with revenue climbing 9.02 per cent to Rs 1,104.18 crore, operating profit rising 6.33 per cent to Rs 165.11 crore and net profit surging 8.74 per cent to Rs 73.44 crore compared to the prior year. This momentum continued in the first half of FY24, with net sales jumping 11.41 per cent to Rs 2,235.4 crore and net profit growing 13 per cent to Rs 146.77 crore year-over-year.
The stock gave multibagger returns of 115 per cent in just 1 year whereas BSE Sensex Index is up by 22 per cent. The stock gained over 300 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.
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