Ashish Kacholia’s portfolio multibagger stock & Rs 1,42,593.92 lakh order book: This civil construction company to raise Rs 125 crore via QIP!

The stock is up by 92.3 per cent in just 1 year and gave multibagger returns of 400 per cent in 3 years.

Likhitha Infrastructure Ltd. informed that the Board of Directors of the Company has considered and approved raising of funds by way of issuance of such number of equity shares having face value of Rs 5 each of the Company (Equity Shares) and/or other eligible securities or any combination thereof (hereinafter referred to as ‘Securities’), for an aggregate amount not exceeding Rs 125 crore by way of Qualified Institutional Placement (QIP) or another permissible mode.

An ace investor, Ashish Kacholia owns 7,00,000 shares or 1.77 per cent stake in the company as of June 2023.

Order Book Update: As of March 31, 2023, the company’s outstanding order book stands at Rs 1,42,593.92 lakh. The order book comprises Rs 97,585.55 lakh contributed by cross-country pipelines and associated facilities, Rs 32,480.92 lakh from city gas distribution including CNG stations, Rs 452.79 lakh from operation & maintenance of CNG / PNG and Rs 12,074.65 lakhs from tankage & terminal projects. The company is confident that its robust order book will enable it to achieve sustainable growth in its current business portfolio through profitable expansion and execution.

On Thursday, shares of Likhitha Infrastructure Ltd surged 0.64 per cent to Rs 330.55 per share from its previous closing of Rs 328.45 with an intraday high of Rs 339 and an intraday low of Rs 326.95. The stock also made a new 52-week high of Rs 339 per share with a spurt in volume by more than 3.68 times on BSE.   

According to the Quarterly Results, the net sales increased by 12 per cent to Rs 90 crore and net profit increased by 14.3 per cent to Rs 16 crore in Q1FY24 over Q1FY23. The net sales increased by 42.02 per cent to Rs 365 crore and net profit increased by 30.43 per cent to Rs 60 crore in FY23 over FY22.

The stock has an ROE is 26.9 per cent and an ROCE of 37 per cent. The stock is up by 92.3 per cent in just 1 year and gave multibagger returns of 400 per cent in 3 years. Investors should keep an eye on this small-cap stock.

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

Also Read - Ashish Kacholia gained Rs 22,89,68,546 from this multibagger small-cap stock in just 1 day; announces Rs 600 crore capex plan and 4,25,000 MTPA capacity by FY 2026!