The shares of one of the leading construction companies gained up to 3 percent after the company obtained a prestigious work order from Anant Raj Limited worth Rs 250 crore.
B.L.Kashyap & Sons Ltd has a market capitalization of Rs 1,822.01 crore, the shares were trading at Rs 80.83 per share, decreasing around 2 percent as compared to the previous closing price of Rs 82.25 apiece.
Reason for rise:-
According to the company filing, B.L. Kashyap & Sons Ltd obtained a prestigious work order from Anant Raj Limited for civil and structure works for the construction of the estate residences group housing project worth Rs 250 crore. The order should executed within 30 months.
Financial Performance:-
Looking at the company’s financial performance, revenue soared by 23 percent from Rs 253 crore in Q1FY24 to Rs 350 crore in Q1FY25, but, during the same period, net profit increased by 100 percent from Rs 10 crore to Rs 20 crore.
Order Book and recent orders:-
B.L. Kashyap & Sons Ltd’s order book reached approximately ₹3,198 crore as of September 2024, fueled by several new contracts. Notably, the company secured a ₹221 crore project with SSS Realty & Co. for civil and structural work in Bengaluru, expected to be completed in 20 months.
In June 2024, B.L. Kashyap secured two major orders totaling ₹1,021 crore. These included a ₹97 crore contract for hotel structure work from Sattva Homes, with a 13-month completion timeline, and a ₹924 crore project with DLF City Centre for civil and steel structural work, to be completed in 21 months.
Industry Outlook:-
Urban development, contributing 75% to GDP, is fueled by growing populations and government schemes like Pradhan Mantri Awas Yojana for affordable housing. The National Infrastructure Pipeline, Smart City Mission, and development of 35 Multimodal Logistics Parks will drive extensive construction, innovation, and improved logistics efficiency.
Ratio analysis:-
The company’s critical ratios show that the return on equity increased from 4.97 percent in FY22-23 to 10.58 percent in FY23-24, while the return on capital employed decreased from 17.16 percent to 18.33 percent. The net profit margin (NPM) for fiscal year 22-23 is 4.22 percent.
Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoters of the company own 61.65 percent while Retail shareholders own a 36.48 percent stake in the company, and Foreign Institutional Investors own a 1.87 percent stake.
Company Overview:-
B.L. Kashyap and Sons Limited is an India-based engineering, procurement, and construction (EPC) company. The Company is engaged in the business of construction of high-rise buildings (residential and commercial complexes, information technology (it) parks, institutional buildings, hospitals, factories, corporate offices, etc.
Written by:- Abhishek Singh
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