2 Orders in 2 Days: Debt-Free Multibagger Construction Company Bags Orders Worth Rs 68.69 Crore, Stock Rallies Over 5 Per cent on Friday!
The company’s shares have delivered an impressive return of around 275 per cent to its shareholders.
Incorporated in 2013, Sathlokhar Synergys E&C Global Limited provides engineering, procurement, and construction (EPC) services for building and infrastructure projects. The company has secured an order from Vinfast Auto India Private Limited for MEP works, which includes Electrical, Plumbing, and Firefighting services, for the proposed Vinfast Factory in Thoothukudi, Tamil Nadu (PIN: 628002). The total order value is estimated at Rs 62.53 crore (including GST), with a completion deadline set for December 2024.
Furthermore, on 29 August, it received another order from Vinfast Auto India Private Limited for the supply of Cooling Towers, Pressure Tanks, and Industrial Fans for the proposed Vinfast Factory in Thoothukudi, Tamil Nadu. The order is to be executed by October 2024, and the total contract value is estimated at Rs 6.16 crore (including GST).
On Friday, the shares of Sathlokhar Synergys E&C Global Limited were closed at around Rs 522.70 per share on the NSE. The company’s current market capitalization stands at Rs 1261.69 crore. Additionally, the shares have delivered a multibagger return of around 275 per cent compared to their IPO price of Rs 140 each.
Get Penny Stock Recommendations (under Rs 100) with DSIJ's Penny Pick service at a flat 35% off with coupon code FLASHH—limited-time Flash Offer! Click here to subscribe.
Looking at the annual performance, the company generated a revenue of Rs 247 crore in FY24 compared to Rs 87. The operating profit for FY24 was Rs 36 crore with a net profit of Rs 26 crore compared to a net profit of Rs 5 crore in FY23.
According to the company's shareholding pattern, the promoters hold a significant 62.71 per cent stake. Public investors own 25.51 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 7.31 per cent and Domestic Institutional Investors (DIIs) own 4.47 per cent.
Check out my recent article here.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.