On Tuesday, the shares of this small-cap company engaged in infrastructure development rose up to 5 percent to a 52-week high of Rs 473 per share after the company received an order for Rs 509 crore.
At 2:45 p.m., J Kumar Infraprojects Ltd shares were trading at Rs a share on the National Stock Exchange, up Rs or 1.69 percent from the previous close. The company has a market capitalization of Rs 3,525 crore.
According to the company’s exchange filing, the company received a ‘Letter of Acceptance’ (LOA) dated October 16, 2023, for the project Provn of Tech Accn and Allied Infra for Command Hospital, Lucknow on EPC Mode for a contract cost of Rs. 509 crores. The time period of EPC projects is 30 months for Phase I (Construction) and 60 months for Phase II (Maintenance).
The company’s shares have delivered returns of 82 percent in six months and 95 percent in a year.
The company’s operational revenue has increased by 14 percent yearly, from Rs 993 crore in Q1FY23 to Rs 1,131 crore in Q1FY24. In the same time frame, net profit has increased by 18 percent from Rs 61 crore to Rs 72 crore.
The company’s operating margin increased from 10.84 percent in FY22 to 11.24 percent in FY23, while the Net profit margin rose from 5.83 percent to 6.52 percent during the same period.
As per the latest shareholding pattern, promoters hold 46.65 percent of the company, while Domestic institutional investors hold a 14.79 percent stake and foreign institutional investors hold a 10.01 percent stake.
J Kumar Infraprojects Limited is in the business of contract execution for various infrastructure projects such as transportation engineering, irrigation projects, civil construction, and piling work, among others.
Written by Omkar Chitnis
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