Stock under ₹130 hits 5% upper circuit after receiving ₹80 Cr order for electrical works 

During Wednesday’s trading session, the shares of this company engaged in the business of electrical and EPC contracts surged nearly 2 percent to Rs. 121.25 on BSE, after receiving an order worth Rs. 80.84 crores for electrical works from Numaligarh Refinery Limited. 

With a market cap of Rs. 183 crores, the shares of Konstelec Engineers Limited opened in the green at Rs. 121.25, as against its previous closing price of Rs. 115.5. 

What’s the News: 

Konstelec Engineers Limited, in its latest regulatory filings with the stock exchanges, announced securing an order worth Rs. 80.84 crores for electrical works from Numaligarh Refinery Limited. The electrical work is scheduled to be completed within a period of 18 months. 

Previous Orders: 

On 17th September, Konstelec Engineers bagged an order for instrumentation works amounting to Rs. 12.58 crores from National Aluminium Company Limited (NALCO). 

On 14th October, the company was awarded an order worth Rs. 39.63 crores for Electrical works from NALCO. The work will be executed at Alumina Refinery, M&R Complex at Damanjodi, Odisha & Vishakhapatnam Port Facilities area. 

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Financials: 

Konstelec Engineers reported a significant growth in consolidated revenue from operations, experiencing a year-on-year increase of nearly 40.5 percent, rising from Rs. 153 crores in FY23 to Rs. 215 crores in FY24. 

During the same period, the company’s net profit increased from Rs. 7 crores to Rs. 9 crores, representing a growth of around 28.6 percent YoY. 

Shareholding Pattern: 

As per the September 2024 shareholding pattern, the Promoters hold a 66.77 percent stake in the company, Foreign Institutional Investors (FII) hold a 0.6 percent stake, while Retail Investors hold a 32.63 percent stake in Konstelec Engineers. 

About the Company:

Incorporated in 1995, Konstelec Engineers Limited is engaged in the business of electrical and Engineering, Procurement and Construction (EPC) contracts. 

Written by Shivani Singh 

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