Rs 2,048 crore order book: Vijay Kedia's portfolio multibagger debt-free stock was locked in the upper circuit on September 27
The stock gave multibagger returns of 100 per cent in just 1 year and a whopping 800 per cent in 5 years.
On Friday, along with the stock market in green, shares of this civil construction company hit a 5 per cent upper circuit to Rs 168.55 per share from its previous closing of Rs 160.55. The stock’s 52-week high is Rs 227.90 and its 52-week low is Rs 86.26. The shares of the company saw a spurt in volume by more than 1.51 times on BSE.
An ace investor, Vijay Kedia through his self-owned company Kedia Securities Pvt Ltd owns 24,00,000 shares or a 2.49 per cent stake in the company as of June 2024 (Bought at Rs 61.70 per share). From Rs 61.70 to Rs 168.55 per share, the stock is up by Rs 106.85 per share or 173 per cent. Therefore, his portfolio gains by Rs 25,64,40,000 from this multibagger civil construction stock (24,00,000 shares x Rs 106.85 per share). Earlier, On June 11, 2024, a DII- Quant Mutual Fund bought 16,88,963 shares at Rs 130 per share (1.86 per cent stake).
The Stock Name is OM INFRA LTD.
About OM INFRA LTD
Om Infra Ltd is a multifaceted infrastructure company with a wide range of businesses. They specialize in engineering solutions, particularly hydro-mechanical equipment like gates and hoists, and can even handle entire projects from start to finish (turnkey solutions). Om Infra also has a real estate division that builds various types of properties including hotels with unique features like revolving restaurants, along with multiplexes, IT parks, and more traditional residential and commercial spaces. They even have experience with silo projects, demonstrating their diverse infrastructure capabilities.
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Talking about the finances, the company has a market cap of over Rs 1,600 crore with a 3-year stock price CAGR of 90 per cent. According to Quarterly Results, the net sales decreased by 36.5 per cent to Rs 169.50 crore and net profit decreased by 11.7 per cent to Rs 12.54 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 39.4 per cent to Rs 1,113.82 crore and net profit increased by 262.2 per cent to Rs 47.10 crore in FY24 compared to FY23. As of June 30, 2024, the company’s order book stands at Rs 2,048 crore which is 2x of its FY24 revenue and as of March 2024, the company is debt-free.
The shares of the company have a PE of 36x whereas the industry PE is 40x with an ROE of 7 per cent and an ROCE of 13 per cent. The stock gave multibagger returns of 100 per cent in just 1 year and a whopping 800 per cent in 5 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.