Rs 47,322 crore order book: Heavy buying witnessed in this civil construction stock as it announces stellar quarterly results!
The stock gave multibagger returns of 158 per cent in 3 years whereas BSE Sensex Index is up by 70.08 per cent.
Kalpataru Projects International Ltd (KPIL) formally known as Kalpataru Power Transmission Ltd is a global EPC player, announced its Quarterly Results and robust order book. Details below:
Quarterly Results: The net sales increased by 15.34 per cent to Rs 4,241 crore, the operating profit increased by 21.58 per cent to Rs 400 crore and the net profit increased by 28.14 per cent to Rs 113 crore in Q1FY24 compared to Q1FY23.
Order Book: The company’s order book stands at Rs 47,322 crore (USD 6.5 billion) as of June 30, 2023, an increase of 28 per cent YoY with 61 per cent with domestic orders and 39 per cent international orders. Year to date FY24, order inflow was worth Rs 7,383 crore with domestic orders and 39 per cent international orders.
dividend: The company announced a final dividend of Rs 7 per share equity share having a face value of Rs 2 each. The company has the ex-dividend on July 06, 2023.
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On Friday, shares of KPIL plunged 0.46 per cent to Rs 639.95 per share from its previous closing of Rs 642.90. The stock also made a new 52-week high of Rs 654.50 per share. The company has a market cap of Rs 10,396 crore.
The shares of the company have a PE of 23.05x whereas the industry PE is 47.6x. The stock gave multibagger returns of 158 per cent in 3 years whereas BSE Sensex Index is up by 70.08 per cent. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.