Multibagger penny stock below Rs 70 & Rs 3,311 crore order book: Civil construction company bags order worth Rs 510 crore from Fidatocity Homes Pvt Ltd

The stock is up by 57 per cent from its 52-week low of Rs 42.72 per share and has given multibagger returns of 1,300 per cent in 5 years.

B.L. Kashyap and Sons Limited, a well-known Civil Engineering and Construction company, has recently been awarded a significant domestic contract by Fidatocity Homes Private Limited for the construction of a Residential Group Housing Project. This project encompasses an impressive built-up area of approximately 28.30 lakhs square feet and is valued at Rs 510 crore excluding GST. The project is slated to be executed over a period of roughly 33 months, further bolstering B.L. Kashyap's order book and presence in the residential construction sector.

About the Company

B.L. Kashyap & Sons Ltd stands as a prominent Engineering, Procurement, and Construction (EPC) company in India, specialising in a diverse range of civil construction and infrastructure projects. With a pan-India presence, the company demonstrates expertise in constructing high-rise residential and commercial complexes, IT parks, and institutional buildings, catering to both the government and private sectors. Their portfolio encompasses significant infrastructure projects such as metro lines (Chennai and Jaipur), railway stations (Sabarmati, Gomti Nagar, and Bijwasan), and AIIMS facilities (Raipur & Patna), alongside projects for notable private clients including DLF, Embassy Group, Flipkart, Hero Motocorp, and Select City Walk, highlighting their comprehensive capabilities in the construction and infrastructure landscape.

The order book stands at Rs 3,311 crore. 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.

In its annual results, the company reported net sales of Rs 1,245 crore and net profit of Rs 53 crore in FY24. The stock is up by 57 per cent from its 52-week low of Rs 42.72 per share and has given multibagger returns of 1,300 per cent in 5 years.

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