Rs 14,351 crore order book: Mukul Agarwal’s portfolio multibagger stock bags new order worth Rs 99,29,71,000 from Mumbai Metropolitan Regional Development Authority
The stock gave multibagger returns of over 100 per cent in 1 year and 335 per cent in 3 years.
J. Kumar Infraprojects Ltd informed that the company received an order worth Rs 99,29,71,000 from Mumbai Metropolitan Regional Development Authority. The order includes design, supply, fabrication and erection of pre-engineering building structural steel works and execution of internal & external architectural finishings and plumbing works including interior fit-outs for 5 elevated stations Viz. Diamond Garden, Shivaji Chowk, BSNL Metro, Mankhurd & Mandale of Metro Line 2B Corridor of Mumbai Metro Rail Project of MMRDA. The order will be completed within 56 weeks.
Earlier, NCC Ltd and J. Kumar Infraprojects Ltd, two leading civil construction companies, formed a joint venture to design, build, and operate a twin tunnel from Film City Goregaon to Khindipada (Amar Nagar) Mulund in Mumbai. The contract is worth Rs. 6,301.08 crore (net of GST) wherein J. Kumar Infraprojects will have a 49 per cent stake (i.e., Rs 3,087.53). The construction period is 5 years, and the project will be operated and maintained for 10 years.
About J. Kumar Infra Projects Ltd: J Kumar Infraprojects Ltd is a Small-Cap company having a market cap of over Rs 3,530 crore that is engaged in the business of execution of contracts for various infrastructure projects.
As of June 30, 2023, the company has a total order book of Rs 14,351 crore. The company reported amazing numbers in its Quarterly Results and annual results. As of June 2023, an ace investor, Mukul Agarwal owns 20,00,000 shares or a 2.64 per cent stake in J. Kumar Infra Projects Ltd.
On Tuesday, shares of J Kumar Infraprojects Ltd surged 2.82 per cent to Rs 466.65 per share with an intraday high of Rs 473.35 and an intraday low of Rs 454. The stock made a new 52-week high of Rs 473.35 per share with a spurt in volume by more than 3.20 times on BSE.
The stock gave multibagger returns of over 100 per cent in 1 year and 335 per cent in 3 years. The shares of the company have a PE of 12x whereas the industry PE is 22x.
Disclaimer: The article is for informational purposes only and not investment advice.
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