Rs 9,513 crore order book: Mukul Agarwal doubles his stake in this small-cap stock, watch out!
Net profit experienced an astounding 88 percent YoY skyrocketing, reaching an impressive Rs 21 crore in Q4FY23.
In the midst of India's push to revitalize its economy through strategic infrastructure investments, Capacite Infraprojects Ltd emerged as a standout player, captivating the attention of investors and market enthusiasts alike. As the government allocated a substantial Rs 10 lakh crore (equivalent to 3.3 percent of GDP) for infrastructure in the budget of 2023-24, a notable threefold increase from 2019, the nation's infrastructure and allied stocks experienced a resounding rally. Capacite Infraprojects Ltd was no exception, witnessing a sharp surge in its stock price. With a staggering year-to-date advancement of approximately 38 percent and an impressive 83 percent leap over the past year, the company established itself as a force to be reckoned with in the industry.
Capacite Infraprojects Ltd, primarily engaged in the business of Engineering, Procurement, and Construction, reported remarkable growth in its financial performance during the fourth quarter of FY23. The company achieved a substantial 27 percent year-on-year growth in revenue from operations, while its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) witnessed a remarkable 46 percent YoY surge. Net profit experienced an astounding 88 percent YoY skyrocketing, reaching an impressive Rs 21 crore in Q4FY23. Such impressive financials showcased the company's ability to deliver exceptional results in a demanding market environment.
Underscoring its prowess, Capacite Infraprojects boasted a formidable order book, standing at an impressive Rs 9,513 crore as of March 31, 2023. Notably, the public sector contributed to 70 percent of the total order book, with the remaining 30 percent originating from the private sector. During FY23, the company secured projects worth an impressive Rs 3,462 crore, excluding GST. Additionally, the company made noteworthy strides in recovering outstanding debts, reclaiming a substantial Rs 28 crore in cash and Rs 24 crore in property through the NCLT (National Company Law Tribunal) route, surpassing the normal collection figures for the last quarter.
While the financial figures and project success of Capacite Infraprojects Ltd are impressive, an even more intriguing observation emerged from the company's shareholding pattern. A renowned market maverick Mukul Mahavir Agarwal, celebrated for his investments in micro-cap and Small-Cap stocks, significantly increased his stake in the company during the quarter ended June 2023. Surging from 1.9 percent in the previous quarter, the market maverick's holdings in Capacite Infraprojects Ltd soared to an impressive 4.3 percent. This development further accentuated the company's appeal, as it piqued the curiosity of market observers and added an element of excitement to an already captivating narrative.
Furthermore, in a move to fortify its financial position and capitalize on the prevailing positive sentiment, Capacite Infraprojects recently undertook a preferential issue of equity shares, raising approximately Rs 9.63 crore. This strategic fundraising initiative demonstrated the company's proactive approach in aligning itself with emerging opportunities and solidifying its growth trajectory.