Microcap stock hits 5% upper circuit after receiving ₹10 Cr order from PNC Infratech

The shares of consultancy solutions providers hit 5 percent upper circuit after the company secured a prestigious work order from PNC Infratech Ltd for Rs 10 crore.

Price movement

With a market capitalization of Rs 425.06 crore, the shares of Rudrabhishek Enterprises Ltd closed at Rs 234.55 per share, increased around 4.97 percent as compared to the previous closing price of Rs 223.45 apiece.

Reason for Rise

The shares of the company have seen bullish movement after Rudrabhishek Enterprises Ltd secured a ₹10 crore work order from PNC Infratech Ltd for piling work on a four-lane elevated corridor/flyover from Maharani Laxmibai Pratima to A.B Road (NH-46) near Girwai Police Chouki over Swarn Rekha River in Gwalior, M.P.

Financial condition

Looking forward to the company’s financial performance, revenue climbed by 29 percent from Rs 24.52 crore in Q3FY24 to Rs 31.91 crore in Q3FY25 but during the same time, net profit jumped by 21 percent from Rs 4.34 crore to Rs 5.23 crore.

Also read: PSU Defence stock jumps 3% after receiving ₹1,292 Cr order from Indian Coast Guard 

Projects Categories

The company undertakes projects across various categories, including Smart City, Urban Planning & GIS, Water Management, Hi-Tech Cities, Residential, Commercial & Industrial, Hospitality & Education, Sports Infrastructure, PMC/RERA projects, and other developments, reflecting its diverse expertise in infrastructure and urban development.

Ratio analysis

The company’s critical ratios show that the return on equity decreased from 11.47 percent in FY22-23 to 11.36 percent in FY23-24, while the return on capital employed increased from 16.43 percent to 16.73 percent. The net profit margin (NPM) for fiscal year 23-24 is 13.97 percent.

Company Profile

Rudrabhishek Enterprises Limited is an India-based company, which is an integrated urban development and infrastructure consultant. The Company operates in one reportable segment, being consulting services and investments. It integrates a range of services to deliver end-to-end consultancy in diverse sectors.

Written by Abhishek Singh

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