Ashish Kacholia’s portfolio multibagger stock: This civil construction company receives order worth Rs 235.50 crore from Gail (India) Ltd!
The stock is up by 26 per cent in 6 months and gave multibagger returns of 105 per cent in just 1 year.
Likhitha Infrastructure Ltd informed that the company has received an order worth Rs 235.50 crore from Gail (India) Ltd. The order includes the laying of cross- country pipeline along with associated facilities (Salem to Coimbatore Pipeline section of KKBMPL -II Project) and will be completed within 15 months from the letter of intent (LOI).
Today, shares of Likhitha Infrastructure Ltd surged 0.43 per cent to Rs 290.30 per share from its previous closing of Rs 289.05 with an intraday high of Rs 294.20 and an intraday low of Rs 286.85.
Likhitha Infrastructure Ltd has a market cap of Rs 1,145.23. The firm is engaged in the business of pipeline laying by providing comprehensive erection, testing and commissioning of oil & gas pipelines, city gas distribution (CGD) projects and operation and maintenance (O&M) services. As of June 2023, an ace investor, Ashish Kacholia owns a 2.01 per cent stake in the company.
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According to the Quarterly Results, the net sales increased by 50 per cent to Rs 117 crore and net profit increased by 21.43 per cent to Rs 17 crore in Q4FY23 over Q4FY22. 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 a PE multiple of 18.99x, ROE is 27.20 per cent and a ROCE of 37.20 per cent. The stock is up by 26 per cent in 6 months and gave multibagger returns of 105 per cent in just 1 year. Investors should keep an eye on this Small-Cap stock.