Rs 2,650 crore order book: Multibagger small-cap stock hits consecutive 52-week highs; do you own it?

The stock has a PE of 17.50x whereas the sectoral PE is 30x and generated multibagger returns of 170 per cent from its 52-week low of Rs 16.85 per share.

On Friday, shares of B.L. Kashyap surged 3.25 per cent to a new 52-week high of Rs 45.50 per share from its previous closing of Rs 44.07. At the closing bell, shares of the company ended the day in red, down 2.13 per cent to Rs 43.13 per share. The shares of the company saw a spurt in volume by more than 2.37 times on BSE.

B L Kashyap & Sons Limited (BSE: 532719 NSE: BLKASHYAP), one of the leading civil engineering and construction company, has announced its financial results for the fiscal year 2022-23. In Q4FY23, the company reported a revenue of Rs 282.10 crore, marking a 12 per cent growth over the Q3FY23 revenue of Rs 251.37 crore. The total revenue for FY23 amounted to Rs 1,116.15 crore.

Throughout the year, the company secured orders worth Rs 1,125.22 crore, resulting in an order book closure of Rs 2,522 crore as of March 31, 2023. The current order book stands at approximately Rs 2,650 crore. Notably, the order inflow for the fourth quarter ended March 31, 2023, reached Rs 692.72 crore, showcasing exponential growth compared to the preceding quarter.

These orders encompassed various segments such as railways, business parks, educational institutions, and residential complexes. With the strong execution of the existing order book and the robust momentum in the construction and infrastructure sector, the company anticipates continued growth. The significant influx of projects serves as evidence for this positive outlook.

The stock gave multibagger returns of 170 per cent from its 52-week low of Rs 16.85 per share. The stock has a PE of 17.50x whereas the sectoral PE is 30x. Investors should keep an eye on this small-cap stock.