The shares of one of the leading infrastructure companies gained up to 8 percent after the company received 2 work orders worth Rs 271 crore.
With a market capitalization of 1,533.44 crores, B.L.Kashyap and Sons Ltd, On Wednesday, shares are trading at Rs 67.64, an increase of 2 percent from the previous close price of Rs 66.37.
According to the company’s filing, B.L.Kashyap and Sons Ltd received two work orders worth Rs 271 crore which are split in two parts. The first order came from Jaganmayi Manor Pvt Ltd for the construction of structural work and external civil work worth Rs 80 crores, with the time period for this project is 19 months. The second order came from Suparna Realtors Pvt Ltd for the civil and finishing works including external development worth Rs 191 crores, with the time period for this project is 20 Months.
Looking at the company’s financials, the company’s revenue decreased by 12.42 percent from Rs. 288.59 crores in Q1 FY23 to Rs. 252.73 crores in Q1 FY24. Further, During the same period, net profit decreased by 15.08 from Rs 11.73 crores to Rs 9.96 crores.
Blkashyap and Sons Ltd stock gave a multi-bagger return of 148.35 percent in a year. A shareholder investment of Rs 1 lakh in the company would be worth Rs 2.48 Lakhs in a year.
As per the recent shareholding pattern, the company’s promoters own 61.65 percent, retail shareholders own a 38.01 percent stake, and foreign institutional investors own a 0.35 percent stake in the company.
The company reported a decrease in the debt-equity ratio from 0.9 percent in FY 2022-23 to 0.72 percent in FY 2023-24.
B. L. Kashyap and Sons Ltd. (BLK) is one of the leading Construction, Infrastructure, and Civil Engineering companies in India with cutting-edge technical systems and management integration. The presence of the organization has enabled the company to service the growing infrastructure needs throughout India.
Written By:- Abhishek Singh.
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