Rs 16,774 crore orderbook: Mukul Agarwal’s infrastructure small-cap multibagger received back-to-back orders of Rs 912 crore from CIDCO and 1,329 crore from BMC
The stock gave multibagger returns of 141.08 per cent in a year
J. Kumar Infraprojects Ltd received LOA in the capacity of sole bidder, from CIDCO Ltd for the work of “Design and Construction of Coastal Road from CH 2900 to CH 5800 (MTHL Junction) at Ulwe, Navi Mumbai” for the total contract cost amounting to Rs 912,28,36,877.28, the deadline for the project is 30 months.
Earlier, J. Kumar - RPS (JV) received Letter of Acceptance from Brihanmumbai Municipal Corporation for the work of “Proposed construction of Elevated Road Corridor from Eastern Freeway (Orange Gate) to Grant Road Area” for the total contract cost amounting to Rs. 1329,71,89,430 and the share of the Company is 70 per cent i.e. amounting to Rs. 930,80,32,601/-
The company specializes in executing contracts for a diverse range of infrastructure projects, encompassing transportation engineering, irrigation projects, and civil construction, among others. Notably, it has successfully completed prestigious projects such as the Mumbai Metro Line 7, Delhi Underground Metro, Delhi Elevated Metro, and the Grant Road Skywalk.
In December 2023, J Kumar Infra reported its Quarterly Results where it saw increase in its revenue, rising to Rs 1,218.73 crore, marking a 14.72 per cent growth from Rs 1,062.39 crore recorded in December 2022. The quarterly net profit also surged to Rs 82.64 crore, reflecting a 16.28 per cent increase from the previous year's Rs. 71.08 crore.
The shares of the company have an ROE of 35 per cent and ROCE of 17.4 per cent. The stock gave multibagger returns of 141.08 per cent in a year.
Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.