During Wednesday’s trading session, the shares of a renowned EPC company surged nearly 2 percent to Rs. 792.2 on BSE, after the company announced receiving a work order worth Rs. 632 crores from NBCC, a Government of India Enterprise.
With a market cap of Rs. 5,869.8 crores, at 12:35 p.m., the shares of J. Kumar Infraprojects Limited were trading in the green at Rs. 779.1, up by nearly 0.4 percent, as against its previous closing price of Rs. 776.2.
What’s the News:
J. Kumar Infraprojects Limited, in its latest regulatory filings with the stock exchanges, announced that it has received a Letter of Award (LoA) from NBCC (India) Limited for the total contract value amounting to Rs. 632 crores.
The project involves the development of the Hari Nagar colony of Delhi Transport Corporation (DTC) in Delhi and is scheduled to be executed within 27 months.
The contract value is subject to adjustment based on any changes in the GST rate on Works Contracts, as notified by the Government of India.
Previous Orders:
On 3rd October, the company bagged an order worth Rs. 1,847.72 crores for the design and construction of elevated road in Thane city from Anand Nagar to Saket on the eastern express Highway from Mumbai Metropolitan Region Development Authority (MMRDA).
On 14th October, J. Kumar Infra received a work order, valued at Rs. 297.83 crores, from Pune Municipal Corporation for the development of the Mula River from the Wakad bypass to Sangvi bridge.
Financials:
J. Kumar Infra reported a significant growth in consolidated revenue from operations, experiencing a year-on-year increase of nearly 17 percent, rising from Rs. 1,104 crores in Q2 FY24 to Rs. 1,292 crores in Q2 FY25.
During the same period, the company’s net profit increased from Rs. 73 crores to Rs. 90 crores, representing a growth of around 23.3 percent YoY.
EBITDA for Q2 FY25 increased by 18 percent YoY to Rs. 188 crores, up from Rs. 160 crores in Q2 FY24, with the EBITDA margin rising marginally from 14.5 percent to 14.6 percent.
Order Book:
As of 30th September 2024, the company reported a healthy order book valued at Rs. 18,721 crores. The Elevated Corridors/Flyovers segment accounted for the largest share, contributing 40% of the order book. The Roads & Road Tunnels segment contributed 24%, followed by the Metro-Elevated segment at 14%, the Metro-Underground segment at 11%, the Water segment at 5%, and the Civil & Other segment at 6%.
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Shareholding Pattern:
As per the September 2024 shareholding pattern, the Promoters hold a 46.64 percent stake in the company, Foreign Institutional Investors (FII) hold a 9.99 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 26.78 percent and 16.58 percent stake in J. Kumar Infra, respectively.
As of September 2024 shareholding data available with the BSE, the ace investors Mukul Mahavir Agrawal hold a 2.64 percent stake, while Dolly Khanna holds a 1.02 percent stake in the company.
Stock Performance:
The stock has delivered positive returns of nearly 57.4 percent of returns in one year, while around 13 percent of negative returns in the last six months. So far in 2024, the shares of J. Kumar Infra have given positive returns of about 30.7 percent.
About the Company:
Incorporated in 1999, J. Kumar Infraprojects Limited is engaged in the business of execution of contracts for various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction and Piling Work etc.
Written by Shivani Singh
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