K&R Rail Engineering Ltd was established in 1998 and has a market capitalization of Rs 939 crores. The company is engaged in railway infrastructure projects such as the laying of tracks, signaling, electrification, and telecommunication in the railway industry.

The Company provides end-to-end solutions for railway engineering, procurement, construction, and commissioning services. 

As per the exchange filing, K&R Rail Engineering Limited signed a Memorandum of Understanding (MOU) with Bhalaji Toll Road Private Limited with the intention of carrying out services in the infrastructure segment of Toll Management and Maintenance of Highways and allied infrastructure facilities.

On June 8, shares of K&R Rail Engineering Ltd gained 3.5 percent and reached an intraday high of Rs 520 apiece as compared to the previous close of Rs. 502.55 and closed at the price of Rs 488.15.

In the last six months the stock has gained  644 percent from Rs 65.65 to the current levels and Over a one-year period, the stock has provided multibagger returns of 1381 percent to its investors, with a price from Rs 32.95 to current levels. If the investor invested Rs 1 lakh in the stock, it would have converted to Rs 14.81 lakh within a year.

As per consolidated financials, Operating revenue climbed from Rs 58 crore in Q3 to Rs 154 crore in Q4. Similarly, net profit improved from Rs 1 crore to Rs 2 crore. 

On a YoY comparison of the metrics, the revenues significantly improved by 58 percent from  Rs 194 crores during FY 21-22 to Rs 307 crores in FY 22-23. Within the same time period, The Net profit is slightly reduced from Rs 6 crores to Rs 5 crores. 

As per the shareholding pattern, promoters of the company hold a 74.88 percent stake and retail investors hold a 25.12 percent stake in the company for FY 22-23.

Written by Omkar C


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