In Friday’s trading session, the shares of one of the leading Civil Engineering and Construction company surged by 7.4 percent to hit a new 52-week high at Rs. 110.91, after the company secured a work order worth Rs. 160 crores from a group company of Century Real Estate Holdings.
At 09:52 a.m, the shares of B.L. Kashyap and Sons Limited were trading in the green at Rs. 109.7, up by 6.2 percent, compared to its previous closing price of Rs. 103.26, with a market cap of Rs. 2,435.6 crore.
What’s the News:
According to the latest regulatory filings with the stock exchanges, B.L. Kashyap and Sons Limited has secured an order aggregating to Rs. 160 crores from Suruchi Properties Pvt. Ltd., a group Company of Century Real Estate Holdings.
The work order is for the civil, structural and allied works for residential buildings at Kodihalli, Bengaluru, to be completed in 20 months.
Previous Orders:
On 11th June, B.L. Kashyap and Sons Limited received two work orders aggregating to nearly Rs. 1,021 crores.
The first order, valued at Rs. 97 crores, was from Sattva Homes Private Limited for the civil construction of the hotel structure and shell work, to be completed in 13 months.
The second order worth Rs. 924.11 crore was from DLF City Centre Limited for the civil and composite steel structural works, to be completed in 21 months.
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Financials:
The company experienced significant growth in its revenue from operations, showing a year-on-year rise of around 23.6 percent from Rs. 276 crore in Q4 FY22-23 to Rs. 341.2 crore in Q4 FY23-24.
Similarly, its net profit increased during the same period from a loss of Rs. 32 crore to a profit of Rs. 23.6 crore. As of 25th July, the total order book stood at Rs. 3,383 crores.
Stock performance:
The stock has delivered multibagger returns of nearly 153.3 percent in one
year and around 65 percent of positive returns in the last six months. So far in 2024, the shares of B L Kashyap and Sons have given about 60 percent of positive returns.
About the company:
Incorporated in 1989, B L Kashyap and Sons Limited is a construction and infrastructure development company with a service portfolio across the construction of factories and manufacturing facilities, IT campuses, commercial and residential complexes, malls and hotels.
Written by Shivani Singh
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