Foreign Institutional Investors (FIIs) are those who actively participate in the financial markets of countries other than their own.FIIs aggregate money from various investors and other entities and then invest it in different financial assets.
Whenever foreign investors like Goldman Sachs, Morgan Stanley, HSBC, and others buy or sell the shares of Indian companies, their stock price makes a significant move.
Listed below is one such smallcap stock in which Morgan Stanley bought a fresh stake during Q1FY25:
Capacit’e Infraprojects Ltd
With a market capitalization of Rs. 2,469 crores, the shares of the infrastructure company started Wednesday’s trading on a flatter note at Rs. 292 compared to its previous close of Rs. 291.80. During the trading session, the shares hit a high of Rs. 293.05, gaining around 1 percent and are currently trading at Rs. 292.40 apiece.
Looking at the company’s financial statements, the revenue increased by 25 percent from Rs. 480.68 crores during the December quarter to Rs. 598.89 crores in the March quarter. In addition, the net profits surged by 75 percent from Rs. 29.58 crores to Rs. 51.81 crores during the same period.
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Comparing the same metrics on a YoY basis, the revenue zoomed by 34 percent from Rs. 447 crores during Q4FY23 to Rs. 598.89 crores in Q4FY24. On the other hand, the net profits magnified by 137 percent from Rs. 22 crores to Rs. 51.81 crores during the same timeframe.
As of March 31, 2024, Capacit’e Infraprojects has an order book of Rs. 9,011 crores, equivalent to 3.64 times its market capitalization.
Out of these, the public sector accounts for 69 percent, while the private sector accounts for 31 percent of the total order book. Further, this order book includes various projects such as commercial buildings, healthcare facilities, hospitals, medical colleges, police housing, and residential projects.
According to the latest shareholding pattern, Foreign Institutional Investors (FIIs) increased percent from 11.12 percent during Q4FY24 to 14.43 percent in Q1FY25.
Out of which, Morgan Stanley Asia (Singapore) Pte bought a fresh stake in the company’s shares during the recent quarter by acquiring approximately 9.78 lakh equity shares equivalent to a 1.16 percent stake and the current holding value amounts to Rs. 28.5 crores.
Moreover, Ace Investor Mr Mukul Agrwal, entering the stock in March 2023, currently holds around 52.50 lakh equity shares equivalent to a 6.2 percent stake in this company. The current holding value of his investment amounts to Rs. 153.3 crores.
In terms of key financial metrics, the company reported a return on equity of 7.92 percent and a return on capital employed of 14.50 percent for the period spanning FY23-24. Additionally, the net profit margin stood at 6.17 percent during the same timeframe.
Headquartered in Mumbai, Capacit’e Infraprojects Ltd was incorporated in 2012. The company is engaged in engineering, procurement, and construction.
The company provides end-to-end building construction services with a portfolio comprising residential projects, commercial office buildings, such as data centres, and buildings for educational, hospitality, and healthcare purposes.
Written By Vaibhav Patil
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