Rs 5,305 crore order book: Heavy buying witnessed in this low PE & high ROE multibagger civil construction stock; hit upper circuit & 52-week high!

The stock gave multibagger returns of 190 per cent in 5 years and a whopping 2,000 per cent in a decade.

Today, shares of KNR Construction Ltd hit a 20 per cent upper circuit to an intraday high & fresh new 52-week high of Rs 407.30 per share from its previous closing of Rs 339.45. At the closing bell, shares of the company were trading at Rs 379.20 per share, up 11.71 per cent with a spurt in volume by more than 3.81 times on BSE.  

Quarterly Results - Total revenue stood at Rs 1,414 crore, up 13.54 per cent in Q4FY24 over Q4FY23. PAT increased by 130.6 per cent to Rs 327.51 crore in Q4FY24 compared to Rs 142.02 crore in Q4FY23.  

Annual Results - Total revenue stood at Rs 4,429.49 crore, up 9.04 per cent in FY24 over FY23. PAT increased by 66.68 per cent to Rs 733.78 crore in FY24 compared to Rs 440.22 crore in FY23. 

Order Book – The company’s total order book stands at Rs 5,305 crore.

Also Read: 4:1 bonus shares in FY24; Rs 2,460 crore order book & FIIs bought 3.27 per cent stake: Multibagger engineering stock under Rs 21 surges over 4 per cent!

KNR Constructions Ltd, founded in 1995, is a Hyderabad, India-based infrastructure development company. They specialize in Engineering, Procurement and Construction (EPC) services for various sectors including roads and highways, irrigation systems, and urban water management. Their services include building roads, bridges, and flyovers using different contracting models like EPC (design, procure, and construct), BOT (build, operate, transfer), and HAM (hybrid annuity model). They also take on irrigation projects, manage urban water infrastructure, and even have experience in agricultural projects.

The company has a market cap of over Rs 10,000 crore. The shares of the company have a PE of 12x and an ROE of 24 per cent. The stock gave multibagger returns of 190 per cent in 5 years and a whopping 2,000 per cent in a decade. Investors should keep an eye on this Small-Cap stock.

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