Rs 3,546 crore order book & 800 per cent multibagger returns: Civil construction company bags new order worth Rs 221 crore from SSS Realty & Co
The stock gave multibagger returns of 305 per cent in just 2 years and a whopping 800 per cent in 5 years.
B.L. Kashyap and Sons Limited, a renowned civil engineering and construction company, has successfully secured a new order worth approximately Rs 221 Crores from SSS Realty & Co. These contracts primarily involve concrete & block work packages for civil, structural, and allied works in Koramangala, Bangalore. The project is domestic in nature and is expected to be completed within 20 months. This significant order, valued at approximately Rs 221 crore, demonstrates B.L. Kashyap's continued growth and expertise in the construction industry.
On Wednesday, shares of B.L. Kashyap plunged 2.06 per cent to Rs 102.05 per share from its previous closing of Rs 104.20 with an intraday high of Rs 105.80 and an intraday low of Rs 101.45. The stock’s 52-week high is Rs 120.6 and its 52-week low is Rs 52.01.
About the Company
B L Kashyap & Sons Limited, a leading civil engineering and construction company listed on BSE (532719) and NSE (BLKASHYAP), has secured a Rs 160 crore order from Suruchi Properties Pvt Ltd, a subsidiary of Century Real Estate Holdings. This domestic order mandates the construction of residential buildings within a 20-month timeframe and encompasses civil, structural, and allied works at Kodihalli, Bengaluru.
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The order book as of September 2024, stands at Rs 3,546 crore. These orders encompassed various segments such as railways, business parks, educational institutions, and residential complexes. With the strong execution of the existing order book and the robust momentum in the construction and infrastructure sector, the company anticipates continued growth. The significant influx of projects serves as evidence for this positive outlook.
According to Quarterly Results, the net sales increased by 38.6 per cent to Rs 350.81 crore and net profit skyrocketed by 103.3 per cent to Rs 20.25 crore in Q1FY25 compared to Q1FY24. In its annual results, the company reported net sales of Rs 1,245 crore and net profit of Rs 53 crore in FY24.
The stock gave multibagger returns of 305 per cent in just 2 years and a whopping 800 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.