Infra stock engaged in providing engineering, procurement, and construction (EPC) services hit a 5 percent upper circuit in the day’s trade upon receiving a new work order from North Western Railway for a consideration of Rs. 33.41 Crores
Price Action
With a market capitalization of Rs. 355 Crores, the shares of K2 Infragen Limited were trading at Rs. 281.05 per equity share, up 4 percent from the previous day’s close price of Rs. 269.75.
What Happened
K2 Infragen Limited has received a new work order from North Western Railway for the design, supply, erection, testing, and commissioning of high-rise Overhead Equipment (OHE) for the Rewari-Kathuwas doubling project for a consideration of Rs. 33.41 Crores.
The project is scheduled for completion within 15 months and is expected to be completed by October 30, 2025. With this order win the company’s current order book stands at Rs. 477.14 Crores.
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This project is a pivotal step in advancing rail infrastructure in the Jaipur division, contributing to North Western Railway’s broader objectives of expanding network connectivity and modernizing existing facilities.
About the Company
K2 Infragen Limited is an integrated engineering, procurement, and construction (EPC) company, it offers a comprehensive suite of services, encompassing project engineering from design to execution, and power engineering solutions tailored to the evolving power sector with operations across eight Indian states. It has a strong clientele base with well-known players like Larsen &Toubro, Tata and HG Infra Engineering
Financials and Ratios
Its revenue from operations grew by 45.37 percent from Rs. 75 Crores in FY23 to Rs. 109 Crores in FY24, accompanied by profits of Rs. 11 Crores to Rs. 12 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 89.4 percent, and a return on capital employed (ROCE) of 50.9 percent. It has reported a debt-to-equity ratio of 0.56.
Written by: Bharath K.S
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