During Tuesday’s trading session, the shares of an electrical and fire-fighting solutions company hit a 5 percent upper circuit at Rs. 431.45 on BSE, after the company announced receiving an order worth around Rs. 17 crores for MEP infra works.
With a market cap of Rs. 182.7 crores, at 02:58 p.m., the shares of Rulka Electricals Ltd (NS:RULK) were trading in the green at Rs. 428, up by around 4.2 percent, as compared to its previous closing price of Rs. 410.95.
Is Rulka Electricals Limited in your watchlist? Do you want to know which stocks should be a part of your portfolio? Access our Advanced Screener feature here
What’s the news:
According to the latest regulatory filings with the NSE, Rulka Electricals Limited secured an order valued at Rs. 17.05 crores from multiple clients.
The company has been awarded the order for MEP infrastructure works for the warehouse segment situated at Chakan, Pune. The project is scheduled to be completed within this financial year.
Previous Orders:
On 24th October, Rulka Electricals bagged orders totalling around Rs. 1.52 crores from multiple clients for the electrical work segment for electrical works and LPDB-related electrical installations across locations in Kurla, Taloja, Goa, and Bhiwandi.
On 5th November, the company secured orders amounting to around Rs. 1.03 crores from various clients for the warehouse segment, covering civil works and fire-fighting works in Haryana and Chennai.
On 11th November, the company received orders worth a total of around Rs. 1.4 crores from several clients for electrical and fire-fighting works in the warehouse segment across Andhra Pradesh, Gujarat and Haryana.
Financials:
The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 51.6 percent, rising from Rs. 46.84 crores in FY23 to Rs. 71 crores in FY24.
Likewise, during the same period, the company’s net profit increased from Rs. 2.8 crores to Rs. 6.11 crores, representing a growth of around 118.2 percent YoY.
Shareholding Pattern:
As per the September 2024 shareholding pattern, the Promoters hold a 69.22 percent stake in the company, Foreign Institutional Investors (FII) hold a 2.35 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 28.16 percent and 0.27 percent stake in Rulka Electricals, respectively.
About the company:
Established in 2004, Rulka Electricals Limited is in the business of turnkey projects contractor engaged in offering solutions for all types of electrical & fire fighting turnkey projects.
The company offers a wide range of services like electrical solutions, electrical panels, solar EPC contracts, turnkey electrical warehousing projects, electric commercial industrial services, maintenance services, electrical contracting and data & voice cabling installation across the industrial sector, commercial, retail and theatre sector.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Microcap stock hits 5% upper circuit after receiving order worth ₹17 Cr for MEP infra work appeared first on Trade Brains.
To understand more about InvestingPro, watch this video: https://www.youtube.com/watch?v=_WfQcN5vjI