Penny Stock engaged in the business of Mechanical & Civil Work such as piling, excavation, road preparation, and many more hit a 5 percent upper circuit in the day’s trade upon receiving new work order worth Rs. 16.78 Crores from Nayara Energy.
Price Action (WA:ACT)
With a market capitalization of Rs. 60.88 Crores, the shares of Sonu Infratech Ltd (NS:SONI) hit a 5 percent upper circuit in the day’s trade at Rs. 77.55 per equity share, from its previous day’s close price of Rs. 73.90.
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What Happened
Sonu Infratech Limited engaged in the business of Construction, Mechanical & Civil Work such as piling, excavation, road preparation, and many more has received a new work order from Nayara Energy Limited for a consideration of ~Rs. 16.78 Crores.
The said work order involves road maintenance including small-scale capex road works with required activities with all resources viz. Material, labor, other equipment, tools & tackles, Consumables, enabling service, and many more, and it is to be executed within 3 years.
About the Company
Sonu Infratech Limited is engaged in the business of Construction, Mechanical & Civil Work such as piling, excavation, road preparation; mechanical scaffolding services, including structuring and piping, and other related works.
Financials and Ratios
Its revenue from operations grew by 125 percent from Rs. 20 Crores in H1FY24 to Rs. 45 Crores in H1FY25, accompanied by profits of Rs. 1 Crores to Rs. 3 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 12.1 percent, and a Return on capital employed (ROCE) of 12.1 percent. It has reported a debt-to-equity ratio of 1.76.
Written by: Bharath K.S
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