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BL Kashyap and Sons’ Secured Rs. 147 crore order; stocks zoomed 8%!

06 June 20232 mins read by Angel One
The total order book as of date stands at Rs 2774 crore (excluding GST) till date. The project is for civil and structural work, and associated work and the order is to be executed in 27 months.
BL Kashyap and Sons’ Secured Rs. 147 crore order; stocks zoomed 8%!
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BL Kashyap and Sons secured new order aggregating to around Rs 147 crore from Nzuri Pune Knowledge Park for Project Nzuri Pune Knowledge Park (Civil & Structural Work & Associated Work). The total order book as of date stands at Rs 2774 crore (excluding GST) to date.

In Q4FY23, the net sales of the company increased by 9.16% to Rs 275.92 crore as compared to Rs 252.77 crore in the last quarter same year and reported a YoY decrease of 14.91%. The net profit of the company increased decreased by 273.54%to negative Rs 31.93 crore as compared to Rs 18.40 crore in the same quarter last year.

BL Kashyap and Sons (BLK) is one of the leading Construction, Infrastructure and Civil Engineering companies in India. The pan-India presence of the organization has enabled the company to service the growing infrastructure needs throughout India. It specializes in undertaking major industrial, residential and commercial projects.

Its service portfolio extends across the construction of factories manufacturing facilities, IT campuses, commercial & residential complexes, malls and hotels. The company has a diverse portfolio spread across various industries like IT Campuses, Commercial Spaces, Malls, Hotels, Residential Complexes, Institutions, Factories and Manufacturing Facilities, Healthcare and Transportation.

The shares of this company are currently trading at Rs 40.75, up by 2.66 points or 6.98% from its previous closing of Rs 38.09 on the BSE. The scrip opened at Rs 40.78 and touched a high and low of Rs 41.45 and Rs 40.43, respectively. So far 1,62,187 shares were traded on the counter.

The BSE group ‘B’ stock of face value of Rs 1 has touched a 52-week high of Rs 43.08 and a 52-week low of Rs 16.85. Last one week high and low of the scrip stood at Rs 41.45 and Rs 37.33, respectively. The current market cap of the company is Rs 858.70 crore. The promoters holding in the company stood at 61.58%, while Institutions and Non-Institutions held 0.22% and 38.20% respectively.

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