Rs 58,415 crore order book: This multibagger engineering & construction company bags new order worth Rs 2,333 crore
The stock gave multibagger returns of 130 per cent from its 52-week low of Rs 515.40 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 2,333 crore.
The details of the aforesaid new orders are as follows:
- Orders in the Transmission & Distribution (T&D) business in India and overseas markets.
- EPC Order for an industrial plant in the metal industry.
- Residential building order in India.
Earlier, the company secured three contracts worth approximately SAR 3.4 billion (Rs 7,550 crore) from Saudi Arabian oil giant Aramco for the Master Gas System Network (MGS-3) project. This significant win involves laying over 800 kilometres of lateral gas pipelines to enhance the existing gas network and deliver gas supply to industrial consumers across the region. The MGS-3 project contributes to Saudi Arabia's strategy of diversifying its energy mix by replacing liquid fuel burning and meeting the growing energy demand, with KPIL bringing its two decades of experience in pipelines and a commitment to best practices in project management, quality, and safety to the collaboration.
About Kalpataru Projects International Limited (KPIL)
KPIL is one of the largest specialized EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. KPIL is currently executing projects in over 30 countries and has a global footprint in 73 countries. KPIL has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know-how, and adherence to best-in-class sustainability standards.
The company experienced significant financial growth in the fourth quarter (Q4) of FY24 compared to the same period in FY23. Revenue jumped 22 per cent year-over-year (YoY) to Rs 5,971 crore, driven by strong project execution. This success translated down the line, with profitability metrics also showing impressive gains. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 36 per cent YoY to Rs 452 crore. Profit Before Tax (PBT) witnessed an even steeper increase of 103 per cent YoY to Rs 211 crore, and finally, Profit After Tax (PAT) climbed 21 per cent YoY to Rs 169 crore.
Looking at the full fiscal year (FY24) compared to FY23, the positive trend continues. Revenue reached Rs 19,626 crore, reflecting a 20 per cent YoY increase. EBITDA grew at a similar pace of 19 per cent YoY to Rs 1,628 crore, resulting in an EBITDA Margin of 8.3 per cent for FY24. Profitability remained strong with PBT reaching Rs 701 crore in FY24, up by 27 per cent YoY. PAT followed suit, increasing by 19 per cent YoY to Rs 516 Crores in FY24. It's worth noting that despite this growth, the company's Net Debt remained manageable at Rs 2,591 crores as of March 31, 2024.
Order Book: The company’s order book stands at Rs 58,415 crore (USD 7 billion) as of March 31, 2024, an increase of 27 per cent YoY with 55 per cent with domestic orders and 45 per cent international orders. Year to date FY24, order inflow was worth Rs 30,022 crore with 52 per cent domestic orders and 48 per cent international orders.
Today, shares of KPIL surged 1.44 per cent to Rs 1,190 per share from its previous closing of Rs 1,173.15 with an intraday high of Rs 1,213.30 and an intraday low of Rs 1,160.05. The stock’s 52-week high is Rs 1,369.95 while its 52-week low is Rs 515.40. The company has a market cap of over Rs 19,000 crore.
In March 2024, FIIs increased their stake to 8.17 per cent compared to 7.69 per cent in December 2023. The stock gave multibagger returns of 130 per cent from its 52-week low of Rs 515.40 per share. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched mid-cap stocks for smart investing. If this interests you, do download the service details here.
Related articles
-
Rs 22,000 crore order book: This multibagger shipbuilding & repair company bags a new order worth Rs 1,100 crore from Wilson ASA, Norway
-
Rs 85,000 crore order book: This multibagger railway infra company incorporated subsidiary company in DUBAI; details inside!
-
After Rs 7,000 crore orders from Adani Group, this heavy electrical equipment company likely to bags another huge order worth Rs 13,300 crore from Damodar Valley Corporation
-
Rs 85,000 crore order book: This multibagger railway infra company bags new orders worth Rs 229,20,48,323.26 from Ministry of Railways
-
5:1 stock split & 2.36-GW order book: This solar power generation company bags new order worth Rs 4,12,20,000
-
Rs 300 crore order book: This multibagger cylinder manufacturing company bags new order worth Rs 55 crore from Indian Oil Corporation Limited (IOCL)
-
Rs 7,102 crore order book: Multibagger railway wagons company achieves significant milestones in battery technology for Indian Railways
-
Rs 3,300 crore order book: This multibagger civil construction company bags new orders worth Rs 152.11 crore from Office of Superintending Engineer
-
Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 100 crore from REC Ltd
-
Rs 1,210 crore order book: This multibagger civil construction bags new order worth Rs 59.84 crore from National Highway & Infrastructure Development Corporation of India
-
1:1 Bonus Share & Rs 3,672 Crore Order Book: Board of this multibagger civil construction company announces Record Date for bonus shares; check eligibility!
-
Rs 85,000 crore order book: Multibagger railway infra company emerges as lowest bidder (L1) for an order worth Rs 191,53,74,279.51 from South Eastern Railway
-
Rs 12,434 crore order book & FIIs increase stake: This multibagger civil construction company bags new order worth Rs 447.11 crore from South Central Railway
-
Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 1,369.62 crore from various clients; Stock up by 4.9 per cent!
-
Rs 4,75,800 crore order book: LIC-backed multibagger civil construction company bags offshore order between Rs 2,500 to Rs 5,000 crore from ONGC
-
Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 878.17 crore from various clients!
-
Rs 4,700 crore order book & FIIs increase stake: This multibagger railway telecom company bags new order worth Rs 11,23,69,040 from Ministry of Defence
-
Rs 749 crore order book and FIIs & DIIs increase stake: This multibagger IT-engineering company bags order worth Rs 100 crore from Indian Army
-
Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 491.45 crore from various clients!
-
Rs 11,697 crore order book: This multibagger civil construction company bags order worth EURO 18.50 million from Serneke International Ltd