Rs 16,774 crore order book and DIIs increase stake: This multibagger construction stock secures Rs 334.25 crore contract from NBCC!

Shares of the company grew by more than 45 per cent in the last six months.

J. Kumar Infraprojects Limited is celebrating a major win with a Rs. 334.25 crore contract from NBCC for the development of the Hari Nagar Depot in New Delhi. This EPC (design-procure-construct) project for the Delhi Transport Corporation (DTC) solidifies its position in the domestic infrastructure sector and showcases its expertise in handling large-scale initiatives.

As the sole bidder, J. Kumar Infraprojects will handle the entire project lifecycle, including design, procurement, and construction. The contract is inclusive of all taxes and levies, with adjustments possible for future changes in GST.

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In Q3FY24, the company posted a 14.74 per cent increase in its consolidated revenue at Rs 1218.73 crore compared to Rs 1062.39 crore from the previous year’s corresponding quarter. The operating profit of the company stood at Rs 186.59 crore, while the PAT of the company stood at Rs 82.64 crore, from Rs 71.08 crore last year same quarter. The company has an order book of Rs 16,774 crore as of December 31, 2023.

J Kumar Infraprojects Limited is engaged in the business of execution of contracts for various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction and Piling Work etc. The shares of the company have multibagger returns of more than 140 per cent in the last one year and DIIs increased their stake in the company in December 2023 respectively.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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