Microcap stock hits 5% upper circuit after receiving orders worth ₹12.36 Cr

Published 24-03-2025, 04:34 pm
© Reuters.  Microcap stock hits 5% upper circuit after receiving orders worth ₹12.36 Cr

During Mondays trading session the price of an electrical and Fire-Fighting solutions company specialised in electrical panel installations, firefighting systems, solar EPC contracts, and turnkey electrical warehousing projects surged up to 4.98% after Securing 21 New Work Orders totalling Rs 12.36 Crore in March 2025.

Price movement

With a market capitalisation of Rs. 63.28 crores, at 3.45 p.m., the shares of Rulka Electricals Ltd (NSE:RULK) hit a 5 percent upper circuit at Rs. 148.60 on NSE, against its previous closing price of Rs. 141.

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What’s the News

Rulka Electricals Limited has received an order worth Rs 12,36,28,856 across various projects, These orders include contracts for electrical works, firefighting systems, IT infrastructure, and CCTV installations across Maharashtra, Andhra Pradesh, Telangana, and Gujarat.

With these new orders, the Company’s total order book stands at Rs 86 crore, marking a significant milestone in Rulka Electricals Ltd. The projects that the company got range from warehouse developments to Industrial and retail installations and are to be expected to be executed over a period of 4 to 12 months.

Managements comments:

Mr. Nitin Aher, Wholetime Director of Rulka Electricals Ltd., said: “Securing these new orders is a testament to our sustained efforts in delivering excellence across all projects. Our unwavering focus on quality and timely execution continues to resonate with clients, reflecting their trust in us. These orders not only showcase our expanding portfolio but also reinforce our position as a key player in India’s infrastructure and electrical services landscape.

As India’s growth story unfolds, we are expanding our horizons to meet the increasing demand for reliable, high-quality electrical and firefighting solutions. We remain dedicated to further strengthening our market position and continuing our growth trajectory by consistently exceeding client expectations. We believe these new contracts will significantly boost our market presence and serve as a catalyst for our long-term success.”

Future prospects:

The newly confirmed orders show Rulka Electricals Limited’s strong momentum within the industry. With a surging number of infrastructure projects, particularly in warehousing, logistics, and retail, the company has well-positioned itself to capitalize on future growth opportunities.

The management team has also indicated that the company will continue to explore opportunities in emerging sectors, including renewable energy, smart building technology, and industrial automation, aligning with India’s broader economic growth and development goals.

About the Company

Rulka Electricals Limited provides a wide range of electrical services across India, including electrical panel installations, firefighting systems, solar EPC contracts, and turnkey electrical warehousing projects.

The Company also specializes in maintenance services,data & voice cabling, and is known for its electrical and firefighting contracting services on projects of various scales. REL serves a diverse clientele in sectors such as industrial, commercial,retail, warehousing, and entertainment.

Financials

Its revenue from operations declined by 18 percent from Rs. 36.45 Crores in H1FY24 to Rs. 29.85 Crores in H1FY25, accompanied by profits of Rs. 3.06 Crores to Rs. 0.94 Crores.

Written by:- likesh Babu S

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