This Mukul Agrawal-backed stock is involved in building various infrastructure projects across India, including metros, roads, bridges, and tunnels, jumped 4% after securing an order worth Rs. 1,021 crore from M/s. City and Industrial Development Corporation of Maharashtra (“CIDCO”) Limited for a major infrastructure project in Navi Mumbai
Stock Price Movement:
With a market capitalization of Rs. 5,302.64 crores, the share of J Kumar Infraprojects Limited has reached an intraday high of Rs. 705 per equity share, rising nearly around 3.96 percent from its previous day’s close price of Rs. 678.15. Since then, the stock has retreated and is currently trading at Rs. 700.80 per equity share.
What Happened:
J. Kumar Infraprojects Limited has received a Letter of Acceptance (LOA) from M/s. City and Industrial Development Corporation of Maharashtra (“CIDCO”) Limited for a major infrastructure project in Navi Mumbai. The project involves designing and constructing a coastal road from Kharghar to PMAY Housing near Kharghar Railway Station, along with a pedestrian underpass near Delhi Public School, Nerul.
The contract is valued at Rs. 1,020.7 crore and will be completed in 30 months. This new order strengthens the company’s position in the infrastructure sector, highlighting its expertise in large-scale urban development projects.
Order Book:
By December 31, 2024, J. Kumar Infraprojects had a strong order book of Rs. 20,529 crore, nearly three times its market value. By January 31, 2025, it added Rs. 3,576 crore in new projects, further strengthening its position in the infrastructure sector.
Business offering:
The company focuses on designing and building projects like metros, roads, flyovers, hospitals, tunnels, sewage systems, riverfronts, railways, sports complexes, and airport runways. It also handles turnkey design and construction projects.
Financial Highlights:
In Q3 FY25, the company’s revenue reached Rs. 1,487 crore, supported by various projects. Metro projects (underground and elevated) contributed 39 percent, elevated corridors and flyovers made up 30 percent, roads, and tunnels accounted for 23 percent, while water, civil, and other projects added 8 percent.
Shareholding pattern:
Ace investor Mukul Mahavir Agrawal owns a 2.61 percent stake in J. Kumar Infraprojects Limited, valued at Rs. 133 crores, with a total holding of 19,75,000 shares.
Recent quarter results:
J. Kumar Infraprojects Limited’s revenue grew by 21.99 percent, rising from Rs. 1,219 crore in Q3 FY24 to Rs. 1,487 crore in Q3 FY25. Net profit also increased by 20.48 percent, reaching Rs. 100 crore in Q3 FY25 from Rs. 83 crore in Q3 FY24.
Written By – Nikhil Naik
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