This Mukul Agrawal stock engaged in constructing diverse infrastructure projects like metros, roads, bridges, and tunnels across India, surged by 3 percent after securing an order worth Rs. 121 crore from the Mumbai Railway Vikas Corporation Limited, a government PSU under the Ministry of Railways.
Stock Price Movement:
With a market capitalization of Rs. 5,128.99 crores, the share of J Kumar Infraprojects Limited has reached an intraday high of Rs. 681.15 per equity share, rising nearly around 3.43 percent from its previous day’s close price of Rs. 658.55. Since then, the stock has retreated and is currently trading at Rs. 677.85 per equity share.
What Happened:
J. Kumar Infraprojects Limited has received a letter of award from Mumbai Railway Vikas Corporation Limited, a government PSU under the Ministry of Railways. The contract is for the construction of major bridges, a road overbridge (ROB) at Vasai, a vehicle subway, minor bridges, drainage systems, and earthwork between Borivali and Nallasopara stations as part of the Mumbai Urban Transport Project (MUTP) Phase IIIA.
The project is valued at Rs. 120.88 crore and will be completed in 30 months. This contract strengthens the company’s role in urban transport infrastructure and reinforces its expertise in executing large-scale railway projects efficiently.
Order Book:
As of December 31, 2024, J. Kumar Infraprojects Limited’s order book stands at Rs. 20,529 crores, approximately 3 times its market cap. The company secured new orders worth Rs. 3,576 crores by January 31, 2025, reinforcing its strong position in the infrastructure sector.
Business offering:
The company specializes in the design and construction of various projects, such as metro systems, roads, flyovers, hospitals, tunnels, sewage systems, riverfront developments, railway structures, sports complexes, and airport runways. Additionally, it undertakes turnkey design and construction projects.
Financial Highlights:
The company’s revenue for Q3 FY25 is Rs. 1,487 crore, driven by strong contributions across different segments and regions. Metro projects (both underground and elevated) make up 39 percent, followed by elevated corridors/flyovers at 30 percent, roads & tunnels at 23 percent, and water and civil & other projects contributing 8 percent.
Shareholding pattern:
Ace investor Mukul Mahavir Agrawal holds a 2.61 percent stake in J Kumar Infraprojects Limited, valued at Rs. 133 crores, consisting of 19,75,000 shares.
Recent quarter results:
J Kumar Infraprojects Limited’s revenue rose by 21.99 percent, increasing from Rs. 1,219 crore in Q3 FY24 to Rs. 1,487 crore in Q3 FY25. The net profit also grew by 20.48 percent, reaching Rs. 100 crore in Q3 FY25 compared to Rs. 83 crore in Q3 FY24.
Written By – Nikhil Naik
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