Low PE multibagger penny stock under Rs 70: This civil construction company bags new order worth Rs 4,50,00,000 from Jecon Engineers Pvt Ltd!

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 33 per share to today’s intraday high of Rs 66.50 per share.  

Conart Engineers Limited informed that the company has bagged a new work order from Jecon Engineers Private Limited, Vadodara. for the construction of the new industrial shed and utilities at Lamdapura, Savli, Dist. Vadodara, Gujarat, India. The approximate value of the project is Rs 4,50,00,000 (depending on any changes in the final layout plan and extra work, if any). The order will be completed within 8 months.

Founded in 1973, Conart Engineers Ltd. offers a suite of construction services, from cost-conscious general contracting and design-build options to comprehensive real estate development and project management expertise. Renowned clients like Voltas, Apollo Tyres, and Glaxo India rely on Conart to deliver projects safely, efficiently and to the highest quality standards.

Today, shares of Conart Engineers Limited plunged 4.48 per cent to Rs 63.51 per share with an intraday high of Rs 66.50 and an intraday low of Rs 63.20. The shares of the company saw a spurt in volume by more than 2.25 times on BSE.

The company has a market cap of Rs 20 crore and debtor days have improved from 90.3 to 63.6 days. The stock is trading at 0.76 times its book value. The shares of the company have a PE of 9.45x whereas the intraday PE is 28.5x with an ROE of 8 per cent and an ROCE of 10 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 33 per share to today’s intraday high of Rs 66.50 per share.  

Disclaimer: The article is for informational purposes only and not investment advice.