J Kumar is a gem which is available at v cheap valuations.
Performed consistently over a decade despite all the negative news flow in the last 5-6 years. It is has withstood the trial by fire and has proven itself.
JKIL today stands at the cusp of massive earnings acceleration where as per my projections its PAT will grow 275cr last year to 700cr by FY27.
Management has a stated target of $1Bn revenue at >15% EBITDA without further increase in debt. And they are on track to achieve that.
Current Market cap is just 3200cr.
Prashant Jain (ex- HDFC Mutual Fund head has entered with a 1.42% stake in the last quarter (3P India equity fund)
Sunil Singhania & Porinju are already invested.
J Kumar Infra is right up there in terms of technological prowess for complex engineering projects and is often one of the only 2 or 3 players competing for complex infra projects…its usual competitor is L& T.