Rs 51,753 crore order book & DIIs increase stake: Multibagger civil construction stock in green as company secures new orders worth Rs 2,071 crore

The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 485 per share.

Kalpataru Projects International Limited (KPIL), one of the largest engineering & construction companies listed in India along with its joint ventures (JVs) and international subsidiaries have secured new orders/notification of awards of Rs 2,071 crore.

The details of the aforesaid new orders are as follows:

• Orders in the Transmission & Distribution (T&D) business in overseas markets.
• Order for design & construction of an underground metro rail project in India.

Earlier, KPIL along with its joint ventures and international subsidiaries, secured new orders worth Rs 2,445 crore. The breakdown includes Rs 2,366 crore in transmission and distribution (T&D) business across India and overseas markets and Rs 79 crore in buildings and factories (B&F) business.

Order Book: The company’s order book stands at Rs 51,753 crore (USD 6.2 billion) as of December 31, 2023, an increase of 25 per cent YoY with 61 per cent with domestic orders and 39 per cent international orders. Year to date FY24, order inflow was worth Rs 18,065 crore with 68 per cent domestic orders and 32 per cent international orders.

Today, shares of KPIL surged 3.35 per cent to an intraday high of Rs 1,1000 per share from its previous closing of Rs 1,064.40. The stock’s 52-week high is Rs 1,161.55 while its 52-week low is Rs 485. The company has a market cap of over Rs 17,000 crore.

In December 2023, DIIs increased their stake to 43.81 per cent compared to 42.70 per cent in September 2023. The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 485 per share. Investors should keep an eye on this Mid-Cap stock.

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