J Kumar is another gem which is available at v cheap valuations.
It is a story of consistent performance over a decade despite all the negative news flow over the last 5 yeras or so. But is has withstood the trial by fire and has proven itself to be a gem.
Prashant Jain who left HDFC mutual after a tremendous 3 decade record started his 3 P India Equity Fund recently. He has entered JKIL in the last qrtr with 1.4% stake.
JKIL today stands at the cusp of massive earnings acceleration where as per my project PAT will cross 700cr in 3.5 yrs froml 275cr currently.
And it traded at 3200cr Mcap.
Its a bargain which will not be available for long.
And the market stalwarts like Prashant Jain, Porinju and Sunil Singhania know it and thats why have substantial stake in the company.
Did anyone hear about the 190km tunnel in Bangalore to ease traffic. Guess which cos. are the top players in underground tunneling work for roads n metros…L&T, JKumar Infra n Afcons…yes J Kumar 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 such projects…its usual competitor is L& T.
And thats why sometimes it beggars belief that it is still available at the price it is today.
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