Ashish Kacholia Multibagger Stock Win Order From GAIL, Scrip Up 340% In 3 Yrs

Small-cap firm Likhitha Infrastructure Ltd operates in the construction industry. The firm specialises in pipeline laying and offers complete installation, testing, and commissioning of oil and gas pipelines as well as project management for city gas distribution and operation and maintenance (O & M) services.

The company has announced that it has received an order worth Rs 235.50 crore from GAIL (India). The order has been granted for Pipeline laying and composite works for Phase-2, (Salem to Coimbatore Pipeline section of KKBMPL -II Project), said Likhitha Infrastructure in a stock exchange filing.

The nature of the order is to lay a cross-country pipeline and related facilities and it is guided by GAIL to be carried out within 15 months of the date of acceptance.

In March 2023, Likhitha Infrastructure reported net sales of Rs 117.25 crore, a rise of 50.15 percent YoY over the March 2022 quarter's net sales of Rs 78.09 crore. In Q4FY23, the quarterly net profit jumped to Rs 16.73 crore from Rs 14.33 crore in Q4FY22, or 16.8%. EBITDA jumped by 19.41% during the quarter to Rs 24.61 crore from Rs 20.61 crore in Q4FY22.

During Q4FY23, the company recorded promoter shareholding of 70.02%, FIIs stake of 0.24% and public stake of 29.72%. As per the shareholding pattern of Likhitha Infrastructure for January to March 2023 quarter, ace investor Ashish Kacholia held fully paid up equity shares of 7,94,000 or 2.01% stake in the company.

On Friday, the shares of Likhitha Infrastructure opened on the BSE at Rs 289.05 apiece and while writing this copy the stock was trading at Rs 289.40 with an upside gap of 0.12%. The stock made a 52-week-high of Rs 315.70 on (12/05/2023) and a 52-week-low of Rs 132.80 on (22/08/2022). The stock price climbed from Rs 68 to the present market price during the past five years, resulting in a multibagger return of 346%.

The stock price soared from Rs 69 to the current market price during the past three years, resulting in a multibagger return of 344.54%. The stock has gained 99.66% over the past year, and it has risen 24.71% YTD in 2023.
As per the data of Trendlyne, Likhitha Infrastructure has zero to debt to equity ratio and price to earning Ratio of 18.9, lower than its sector PE ratio of 49.4.