A micro-cap stock surged 2 percent in today’s trade after securing a government project worth Rs.25 crores in Ajmer, Rajasthan. The order win has sparked fresh investor interest, signaling potential revenue growth and strengthening the company’s presence in the power infrastructure space.
Price Movement
During Friday’s trading session, Konstelec Engineers Ltd (NSE:KONS) reached an intra-day high of Rs.84.85 per share, hitting a 2 percent upper circuit from its previous close of Rs.83.20 each.
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Order Specifications
The shares of Konstelec Engineers Ltd surged on Friday even after markets faced turmoil, after securing a government order from Ajmer Vidyut Vitran Nigam Limited. The total value of the order is Rs.25 crore, for the Execution of works relating to the development of distribution infrastructure work for the segregation of 11 KV mixed feeders at Rajsamand Circle of Ajmer Discom of Rajasthan State.
According to the timeline of the order, the execution of the construction should take place within 18 months starting April 25.
Order Book And Timeline
Konstelec Engineers Ltd has a total order book of Rs.800 crores, out of which Rs.485 crores remain unexecuted, while Rs.385 crores have been completed over the last 12 to 16 months. The remaining projects are expected to be executed within 18 to 24 months, though certain delays have been reported due to external issues like government-related land concerns.
Expansion Plans
is actively diversifying into emerging sectors like renewable energy, data centers, smart cities, and industrial automation. As part of its growth strategy, the company has outlined major capex plans, including a new office setup and expanded staff housing in Bellary, driven by rising demand in the steel segment. Additionally, it foresees solar PV project opportunities in Jamnagar and aims to expand into Saudi Arabia, leveraging the momentum of Vision 2030 and ongoing infrastructure and energy developments.
Financial Performance
In its latest financial update, KoKonstelec Engineers Ltdnstelec Engineers Ltd reported consolidated revenue of Rs.84 crores for H1 FY25, down 9.68 percent from Rs.93 crores in H1 FY24. The company’s net profit remained steady at Rs.3 crores, showing no change compared to the same period last year.
Ratio Analysis
The company has a Return on Capital Employed (ROCE) of 13.26 percent and a Return on Equity (ROE) of 9.97 percent. Its Price-to-Earnings (P/E) ratio stands at 14.7, lower than the industry average of 34.53. Furthermore, the company maintains a current ratio of 3.46, a debt-to-equity ratio of 0.5, and an Earnings Per Share (EPS) of Rs.5.66.
Written by – Siddesh S Raskar
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