Vijay Kedia's portfolio civil construction stock delivers multibagger returns of 180 per cent in just 10 months with Rs 2,235 crore order book; do you own it?

The stock gave multibagger returns of 267 per cent in just 1 year and a whopping 530 per cent in 3 years.

Today, shares of Om Infra Ltd hit a 5 per cent upper circuit to Rs 174.45 per share from its previous closing of Rs 166.15. The stock’s 52-week high is Rs 197 and its 52-week low is Rs 46.64.

An ace investor, Vijay Kedia through his self-owned company Kedia Securities Pvt Ltd bought 24,00,000 shares or a 2.49 per cent stake in the company in FY24 at Rs 61.70 per share. From Rs 61.70 to Rs 174.45 per share, the stock is up by Rs 112.75 per share or over 180 per cent. Therefore, his portfolio gains by Rs 27,06,00,000 from this multibagger civil construction stock (24,00,000 shares x Rs 112.75 per share).

Earlier, On June 11, 2024, a DII- Quant Mutual Fund bought 16,88,963 shares at Rs 130 per share. Furthermore, FIIs have increased their stake to 0.38 per cent in March 2024 compared to 0.04 per cent in March 2023.

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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.

Talking about the finances, the company has a market cap of over Rs 1,600 crore with a 3-year stock price CAGR of 100 per cent. According to Quarterly Results, the net sales decreased by 14.7 per cent to Rs 295.71 crore and net profit decreased by 59 per cent to Rs 3.20 crore in Q4FY24 compared to Q4FY23. 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 March 31, 2024, the company’s order book stands at Rs 2,235 crore which is 2x of its FY24 revenue.

The shares of the company have a PE of 36x whereas the industry PE is 38x with an ROE of 7 per cent and an ROCE of 14 per cent. The stock gave multibagger returns of 267 per cent in just 1 year and a whopping 530 per cent in 3 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.