Mukul Agarwal’s portfolio stock bags new order worth Rs 582.68 crore; stock gains over 9%

New order win 

J. Kumar Infraprojects, a leading construction company in India, has scored a major victory with a new project in Chennai. The company has been awarded a contract worth a whopping Rs 582.68 crore (to build a 4-lane elevated corridor in the city on engineering, procurement & construction (EPC) mode.

Recently, J. Kumar Infraprojects also won a Rs. 378 crore contract for the Mumbai flyover project. MMRDA awarded the design & construction of the ‘Missing Links’ flyover from Andheri to Poonam Nagar, adjacent to Metro Line 6. The project is worth Rs. 378.7 crore with a completion deadline of 30 months.

Business Overview

J Kumar Infraprojects Limited is engaged in the business of execution of contracts for various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction and Piling Work, etc. The company has an established track record of operations of over four decades, supported by experienced management and demonstrated capabilities in executing relatively complex underground metro projects at geographically diverse locations.

Financial Performance

J Kumar Infraprojects Limited reported a robust second quarter for FY24, with net sales growth of 9.02% to Rs 1,104.18 crore, compared to Rs 1,012.78 crore in the same quarter last year. The operating profit also experienced a significant increase of 6.33%. The net profit for the quarter stood at Rs 73.44 crore, which was Rs 67.54 crore in the previous year’s same quarter.

Stock Price Movement

Today, the stock opened at Rs 436.10, with a high and low of Rs 484.95 and Rs 436.10, respectively. The stock is currently trading at Rs 480.30, which increased by 9.02%. The stock has a 52-week high of Rs 484.95 and a 52-week low of Rs 229.00. The company has an ROCE of 17.4% and an ROE of 12.4%, with a market capitalisation of Rs 3,571 crore.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.