In Friday’s trading session, the shares of one of the leading Infrastructure companies in India specialised in providing comprehensive solutions across the power, transportation, urban infrastructure sector and more jumped upto 2.15 percent following the approval to raise capital of Rs. 1,000 crores through QIP .
Price action
With a market capitalization of 20,873 Crores on Friday, the shares of Kalpataru Projects International Ltd jumped up by 2.15 percent making a high of Rs 1,310 compared to its previous closing price of Rs 1282.65.
What happened
Kalpataru Projects International Ltd leading Infrastructure company specialised in providing comprehensive solutions across the power, transportation,urban infrastructure sector and more jumped upto 2.15 percent upon getting approval from the Board and shareholders to raise funds to the extent of Rs. 1,000 Crores through Qualified Institutions Placement (QIP).
Kalpataru Projects International Limited has announced the launch of a Qualified Institutions Placement (QIP) of equity shares, with the Floor Price for the Issue being Rs. 1214.98 per Equity Share, followed by dilution of ~5.13 percent stake.
The Company may at its discretion offer a discount of not more than 5% on the Floor Price and the funds raised from the QIP are expected to support the company’s growth initiatives.
About the company
Kalpataru Projects International Limited (KPIL) is a leading global infrastructure development company specializing in providing comprehensive solutions across the power, transportation, urban infrastructure sector and more.
KPIL has built a strong reputation for executing large-scale projects in India and abroad. The company is known for its expertise in the design, engineering, procurement, and construction of power transmission and distribution lines, substations, and renewable energy projects.
The company leverages advanced technology and innovation to deliver high-quality and efficient infrastructure solutions, contributing significantly to the growth and modernization of infrastructure worldwide and the company secured orders of Rs. 11,865 crores till date in FY24-25.
Breakdown of KPIL’s Orderbook
As of Q2FY25 Kalpataru Projects International Limited has a diversified order book,valued at Rs. 60,631 cr, with Transmission & Distribution (T&D) leading at 37% (₹22,269 crore), Buildings & Factories (B&F) contribute 22% (₹13,156 crore), Water at 17% (₹10,519 crore), Oil & Gas accounts 14% (₹8,474 crore), Railways 6% (₹3,569 crore), and Urban Infrastructure 4% (₹2,644 crore) .
Financials
The company’s revenue rose by 9.20 percent from Rs 4,530 crore to Rs 4,946.98 crore in Q2FY24-25. Meanwhile, Net profit rose by 41 percent from Rs 89 crores to Rs 125.5 crore during the same period.
Key Financial ratios
Kalpataru Projects International Limited has a Return on Equity (RoE) of 10.1 percent and a Return on Capital Employed (RoCE) of 12.14 percent. Furthermore, the company’s debt-to-equity ratio is 0.94.
Written by Sridhar
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