High ROE stock below Rs 100: This micro-cap company receives order worth Rs 5.64 crore!

The stock gave multibagger returns of 208 per cent in just 3 years.

Today, shares of Artson Engineering Ltd surged 1.03 per cent to Rs 66.80 per share from its previous closing of Rs 66.12. The stock has a 52-week high of Rs 116.80 and a 52-week low of Rs 62.01.  

Recently, Artson Engineering informed the exchange that the company has received additional order confirmation of Rs 5.64 crore inclusive of taxes from Tata Projects Ltd for EPC works of PGRU at Paradeep Phosphates Limited (earlier ZACL), Goa. The order will be completed in 12 months from LOI. Previously, the company received an order worth Rs 14.49 crore from Tata Projects Ltd.  

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Artson Engineering Limited (BSE Script Code: 52234) is an engineering, manufacturing and construction (EMC) Contracting Company with businesses in pressure equipment manufacturing for oil and gas, power, construction of bulk liquid storage farms, structure fabrication, ship construction and other industrial services. 

This industrial manufacturing company had a market cap of Rs 244 crore with a 1-year CAGR of 45 per cent. The company's shareholding structure shows that the promoters own the majority of the stock (75 per cent), followed by DIIs (0.06 per cent), FIIs (0.01 per cent) and the general public (24.93 per cent) as of December 2022. 

The stock has an ROE of 154.77 per cent. The stock gave multibagger returns of 208 per cent in just 3 years. This micro-cap stock should be kept under the radar.