Rs 58,415 crore order book: Multibagger engineering & construction stock hit 52-week high on July 19 post bagging an order worth Rs 2,995 crore!

The stock gave multibagger returns of 142 per cent from its 52-week low of Rs 553.25 per share.

On Friday, shares of Kalpataru Projects International Limited (KPIL) gained 8.38 per cent and made a fresh new 52-week high of Rs 1,427 per share from its previous closing of Rs 1,316.65. The stock also made a fresh new 52-week high is Rs 1,419.30 while its 52-week low is Rs 553.25. At the closing bell, shares of the company were trading at Rs 1,338.60 per share, up 1.67 per cent with a spurt in volume by more than 1.03 times on BSE. The company has a market cap of over Rs 21,000 crore.

About Kalpataru Projects International Limited (KPIL)

KPIL is one of the largest specialized EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. KPIL is currently executing projects in over 30 countries and has a global footprint in 73 countries. KPIL has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know-how, and adherence to best-in-class sustainability standards.

KPIL is experiencing a surge in new business. The company recently secured a significant number of orders totalling Rs 2,995 crore, adding to their recent successes. This impressive win comes on top of Rs 2,333 crore worth of contracts secured earlier, showcasing their diversified capabilities across various sectors. Notably, they also landed a massive Rs 7,550 crore deal for the MGS-3 pipeline project with Saudi Aramco, highlighting their international reach and ability to handle large-scale construction projects.

This latest win of Rs 2,995 crore further strengthens KPIL's position in the market. The orders span across different sectors, including Transmission & Distribution (T&D) in overseas markets, an Engineering, Procurement, and Construction (EPC) order in the water sector through a joint venture, and Building & Factories (B&F) projects within India. This diversification demonstrates their expertise in various areas and strengthens their presence in both domestic and international markets.

Order Book: The company’s order book stands at Rs 58,415 crore (USD 7 billion) as of March 31, 2024, an increase of 27 per cent YoY with 55 per cent with domestic orders and 45 per cent international orders. Year to date FY24, order inflow was worth Rs 30,022 crore with 52 per cent domestic orders and 48 per cent international orders.

In March 2024, FIIs increased their stake to 8.17 per cent compared to 7.69 per cent in December 2023. The stock gave multibagger returns of 142 per cent from its 52-week low of Rs 553.25 per share. Investors should keep an eye on this mid-cap stock.

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

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