Accumulate J Kumar Infraprojects; target of Rs 950: Asit C Mehta

Asit C Mehta report on J Kumar Infraprojects

J Kumar Infraprojects Ltd (JKIL) was Founded in 1980, has emerged as a leading infrastructure company in India. It is an India-based company that is engaged in the business of execution of contracts of various infrastructure projects including transportation engineering, irrigation projects, civil construction and piling work. The Company's offerings include metro, flyover and bridges, roads, and tunnels, civil and others, and water. Its metro offerings include metro underground, metro elevated, metro elevated stations, metro underground stations, and depots. Its flyover and bridges offerings include flyovers, bridges, pedestrian subways, skywalks, and road over bridges. Its roads and tunnels offerings include Roads, Highways, Expressways, Tunnels, and Airport runways. Its civil and other offerings include hospital/medical colleges, railway terminus and stations, commercial buildings, sports complex, and other civil constructions. Its water offerings include sewage treatment plants, riverfronts, tunnels, and others.

Outlook

We value the company’s business at 14X FY27E EPS to arrive at target price of Rs 950/share. The TP implies an upside potential of 28% from the recommended price.