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    HomeNewsBusinessStocksBuy J. Kumar Infraprojects; target of Rs 160: HDFC Securities

    Buy J. Kumar Infraprojects; target of Rs 160: HDFC Securities

    HDFC Securities is bullish on J. Kumar Infraprojects has recommended buy rating on the stock with a target price of Rs 160 in its research report dated November 12, 2020.

    Broker Research
    November 15, 2020 / 13:08 IST
       
       
      26 Aug, 2025 12:21
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      HDFC Securities' research report on J. Kumar Infraprojects

      Kumar Infraprojects (JKIL) reported a profit (at Rs 71 vs Rs 59mn loss expectation) owing to better execution and cost controls. Labour availability has now improved to near pre-COVID levels with execution efficiency at ~80- 90% (30-40% run rate in August). Whilst order backlog is robust at 3.6x FY20 revenue, near-term execution challenges have alleviated now to a large extent with people adjusting to the new normal and getting back to work.

      Outlook

      At 4.6/3.6x FY22/FY23E EPS, valuations are compelling. We maintain BUY on JKIL with a target price of Rs 160/sh (6x Sep-22E EPS).

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: Nov 15, 2020 01:08 pm

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