This Microcap stock which specializes in the business of civil and electrical contractor work hit a 5 percent upper circuit after the company received an order worth Rs. 236.81 crore from Rajasthan Renewable Energy for commissioning Rooftop Solar.
Price Action (WA:ACT)
With a market capitalization of Rs. 675 Crores, the shares of Teerth Gopicon Ltd (NS:TEER) were up by 5 percent in the day’s trade touching a day’s high of Rs. 562.55 per share. The stock stayed in the upper circuit limit which is 5 percent higher than the previous closing price of Rs. 535.80 apiece. The stock has delivered a return of 350 percent which has outperformed the Nifty Index on the YTD basis.
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What Happened
The company has received orders worth Rs. 236.81 crore for Design. Supply, Erection, Testing, and Commissioning which includes Operation and Maintenance (O&M) for 25 year period from the date of commissioning of Rooftop Solar Photovoltaic Power Projects on the State Government buildings or State Government buildings in Rajasthan under Hybrid Annuity Mode for Jaisalmer Circle or District from Rajasthan Renewable Energy Corporation. In Baran and Pali total of 37MW is expected to be done.
About the Company
Teerth Gopicon Limited was established in 2019. It is an engineering construction and development company based in Madhya Pradesh, India. They specialize in road construction, water distribution projects, and sewerage systems. They operate as a registered civil contractor for various government and private sector projects which include residential towers and infrastructure improvements.
Their business model focuses on securing government contracts while ensuring steady revenue streams, and addressing critical infrastructure needs in particularly in water management. Teerth Gopicon aims to leverage its expertise to improve operational efficiency and contribute to regional development.
Financials & Ratios
Its Revenue from operations grew by 83 percent year on year from Rs. 37 Crores in H1FY24 to Rs. 68 Crores in H1FY25, accompanied by a profit of Rs. 3 Crores to a profit of Rs. 10 Crores.
In terms of Return ratios, the company has a return on capital employed (ROCE) of 75.31 percent and the return on equity (RoE) stood at 84.13 percent. The net profit margin stood at 11.02 percent and the debt-to-equity ratio stood at 0.64 as of FY24.
Shareholding Pattern
As of September 2024, the shareholding pattern with the promoter’s stake holding a share of 64.34 percent in Teerth Gopicon, Foreign Institutional Investors (FII) holding around 0.23 percent, and public holdings standing at 35.43 percent.
Written by Santhosh S
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The post Infra stock hits 5% upper circuit after receiving order worth ₹236 Cr from Rajasthan Govt. for rooftop solar appeared first on Trade Brains.
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