Buy J Kumar Infraprojects, target price Rs 311: Anand Rathi

Anand Rathi has buy call on J Kumar Infraprojects with a target price of Rs 311. The current market price of J Kumar Infraprojects Ltd. is Rs 256.15. Time period given by analyst is one year when J Kumar Infraprojects Ltd. price can reach defined target.

J Kumar Infraprojects Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 1938.17 Crore) operating in Infrastructure sector.

J Kumar Infraprojects Ltd. key Products/Revenue Segments include Contract Revenue, Ready Mix Concrete, Other Sales and Other Services for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Standalone Total Income of Rs 1122.74 Crore, up 15.56 % from last quarter Total Income of Rs 971.57 Crore and up 12.45 % from last year same quarter Total Income of Rs 998.45 Crore. Company reported net profit after tax of Rs 74.00 Crore in latest quarter.

Investment Rationale
With sales at a new high and no further leverage, J Kumar's performance in FY22 was inspiring. It's even more appealing because of its consistent operating profitability in an inflationary environment. The near future is bright, with ample assurance and execution expected to trend higher. A healthy prospect pipeline with ample opportunities in its stronghold and otherwise mean the OB is likely to be bolstered to keep growth going. On proven execution abilities, sturdy balance sheet and good prospects, the brokerage retains Buy rating with a higher TP of Rs311 (on raised estimates).

Promoter/FII Holdings
Promoters held 46.65 per cent stake in the company as of 31-Mar-2022, while FIIs owned 6.41 per cent, DIIs 10.55 per cent.