Infra stock hits 5% upper circuit after receiving ₹33 Cr order from Visakhapatnam Port Authority

Construction Company specializing in Civil and Defence Infrastructure projects hits 5 percent upper circuit after receiving a work order worth 33 Crores for a ship docking project. 

Share Price Movement

With a market capitalization of Rs. 172 Crore, the stock of RKEC Projects opened at Rs. 69.84 up 2.25 percent from yesterday’s close, and after opening, it hit 5 percent upper circuit at 71.70

Order Update

The company has been awarded a work order from Visakhapatnam Port Authority worth Rs. 32.61 Crores, the order is for the construction of two fishing jetties and a wharf in between the existing finger jetties.

Also read: Penny stock jumps 5% after receiving ₹41 Cr order from Gujarat Water Supply Board

Financial Highlights

The company reported a 27.52 percent YoY increase in revenue from Rs. 106.03 Crore in Q3FY24 to Rs. 118.97 Crore in Q3FY25. On a QoQ basis, the company reported a significant increase of 54.82 percent in revenue from Rs. 76.4 Crore in the previous quarter.

Their Net profit saw a decrease of 22.68 percent YoY from Rs. 10.67 Crore to Rs. 8.25 Crore for the same period. On a QoQ basis, the company reported an impressive increase of 120.58 percent in Net profit from Rs. 3.74 Crore in the previous quarter.

The PE ratio of the Stock is 7.18 which is significantly lower when compared to the Industry PE of 23.81. Additionally, the Return on Capital Employed (ROCE) stands at 14.06 percent and the Return on Equity (ROE) at 12.29 Percent.

About the Company

RKEC Projects Limited is an Indian construction company specializing in civil and defense projects, including bridges, ports, dams, high-rise structures, airports, roads, highways, and oil and gas pipelines. Established in 1985 and headquartered in Visakhapatnam, Andhra Pradesh, the company has built a reputation for delivering high-quality infrastructure projects across various states in India.

Written By Abhishek Das

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