DSIJ Mindshare

“The opportunities are huge. The time is ripe. So, we are moving ahead confidently to make it happen. After all, all Kinetic stakeholders, deserve the best,” added Mr. Firodia.

As on July 01, 2023, consolidated orders worth Rs 40 crore have been negotiated with clients and formal purchase orders are awaited. Out of this Rs 27 crore are for the Indian market and Rs 13 crore are for projects outside India. After negotiating an order, it may take up to 2 months to receive a formal purchase order from the client.

KRL has a market cap of Rs 223 crore and a 5-year stock price CAGR of 85 per cent. The maximum stake is owned by the promoters of the company (75 per cent) and the rest of the stake is owned by the general public (25 per cent).

The company has been able to grow its sales by 15 per cent (CAGR) over the past 3 years and profit by 37 per cent (CAGR) over the same period.

In a single day, the company received an order worth Rs 552 crore, which is equivalent to 2.73 times its total sales for the fiscal year 2023.