Rs 47,040 crore order book and FIIs & DIIs increase stake: This multibagger civil construction company bags new orders worth Rs 2,263 crore!

The stock has gained more than 30 per cent in the last six months.

Kalpataru Projects International Limited informed in the exchange filing that the company and its subsidiaries have landed new projects worth a whopping Rs 2,263 crore. This includes Rs 1,564 crore in transmission and distribution (T&D) across India and abroad, Rs 458 crore in the water sector, and Rs 241 crore in buildings and factories.

Recently, the company also secured new orders worth Rs 2,217 crore. The first order is worth Rs 1,993 crore in the T&D business from India and overseas markets. The second order is for the B&F business of the company worth Rs 224 crore.

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Kalpataru Projects International Limited is engaged in the business of power transmission and distribution, oil & and gas pipeline, railways, infrastructure development, civil contracting and warehousing, and logistics business with a strong international presence in power transmission & distribution.

The revenue of the company for Q2FY24 stood at Rs 4518.00 crore which grew by 18.96 per cent YoY. The operating profit of the company stood at Rs 382.00 crore, while the PAT of the company stood at Rs 90.00 crore, which declined by 8.16 per cent YoY.

The company has a strong revenue outlook for the medium term, with consolidated orders worth Rs 47,040 crore as of September 30, 2023. Favourable prospects for international and domestic T&D, building construction, water, and urban infrastructure space should continue to support the business. The company has also delivered multibagger returns of over 106 per cent in the last three years. FIIs and DIIs have increased their stake in the company to 8.50 and 42.70 per cent in September 2023 respectively.

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