B.L. Kashyap & Sons - Small-cap company delivered over 700% returns

B.L. Kashyap & Sons Limited has delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price surged from Rs 7.90 on December 04, 2020, to Rs 67.50 on November 29, 2023, representing an increase of over 700% in the last three years.

An investment of Rs 1 lakh in this company’s shares three years ago would have grown to Rs 8 lakh today.

Recently, B.L. Kashyap and Sons Limited secured two new orders totalling Rs 271 crores, bringing its total order book to Rs 3,276 crores. The first order, from Jaganmayi Manor Private Limited, is for construction work on a project in Pune, Maharashtra, and is valued at Rs 80 crores. The second order, from Suparna Realtors Private Limited, is for civil and finishing work on a commercial project in Bangalore and is valued at Rs 191 crores.

Financial Performance

B.L.Kashyap & Sons Limited reported a robust second quarter for FY24, with net sales increased by 11.59% to Rs 326.62 crore, compared to Rs 292.70 crore in the same quarter last year. The company’s PBIDT (Excl OI) experienced a significant increase of 40.35%. The net profit for the quarter stood at Rs 12 crore, which was Rs 5.74 crore in the previous year’s same quarter, representing an increase of over 100%.

Business Overview

B.L.Kashyap & Sons Limited is an EPC company engaged in the business of construction of buildings high-rise residential and commercial complexes, IT parks, institutional buildings, etc.

Stock Price Movement

Today, the stock opened at Rs 67.60, with a high and low of Rs 69.40 and Rs 66.95, respectively. The stock is currently trading at Rs 67.42, which increased by 0.73%. The stock has a 52-week high of Rs 76.93 and a 52-week low of Rs 26.10.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.