This small-cap stock was up by 6 percent after the company along with its subsidiaries bagged orders worth 1,016 crores. At 9:30 a.m the shares of the company were trading at Rs 670 up by 6 percent from its previous day close price, and the market capitalization of the company is 10,550 Cr.
As per the company’s filing, Kalpataru Projects International Limited(KPIL) and its international subsidiaries have secured new orders worth 1,016 Crores. This consists of 552 Crores for transmission & distribution business in india and overseas market and 464 Crores for Buildings & Factories business in India. With the above orders its YTD FY24 order inflows stands at around 8,400 crores.
The company’s revenue has increased by 10.72 percent from 14,777.38 Cr in FY22 to 16,361.44 Cr in FY23, accompanied by decreasing profits of 535.06 Cr to 435.02 Cr.
The company has reported a return on equity (ROE) of 9.67 percent and return on capital employed (ROCE) of 15.41 percent, this indicates that though the company is making profits it is not able to generate good returns on its equity and capital employed.
According to the latest shareholding data available for the June 2023 quarter, the company’s Promoters hold 41.08 percent stake, the Domestic Institutional Investors hold 42.42 percent and the Foreign Institutional Investors (FII) hold 8.16 percent.
Kalpataru Projects International Limited is one of the largest specialised Engineering, procurement and Construction (EPC) companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports.
Written by: Bharath K.S
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