Debt-Free EPC Company Bags New Orders Worth Rs 22,05,00,000 From Reliance Mappedu Multi Modal Logistics Park & Komatsu India
The company has a market cap of over Rs 1,100 crore and as of September 2024, it is debt-free.
On Monday, shares of Sathlokhar Synergys E&C Global Ltd gained 6.4 per cent to Rs 477 per share from its previous closing of Rs 448.25 per share.
Sathlokhar Synergys E&C Global Limited has announced securing two new orders totalling Rs 22.05 crore. The first order, valued at Rs 18.44 crore (including GST), is from Reliance Mappedu Multi Modal Logistics Park Limited for the construction of a 2,35,665 sq. ft warehouse at their proposed factory in Mappedu, Chennai. The project involves civil works and is expected to be completed by September 2025.
The second order, worth Rs 3.61 crore (including GST), comes from Komatsu India Private Limited for the execution of civil and PEB (Pre-Engineered Building) works at Sipcot Industrial Park, Irrungattukottai, Sriperumbudur, Chennai. This project is scheduled for completion by April 2025. While Komatsu India is a Japan-based company, the order is considered domestic as the work is being carried out in India.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
About the Company
Established in 2013, Sathlokhar Synergys E&C Global Limited is one of the leading providers of engineering, procurement, and construction (EPC) services across sectors such as industrial, commercial, institutional, pharmaceutical, and solar projects. The company has completed projects in Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal and participates in government EPC projects through competitive bidding. Sathlokhar is an authorized dealer of TATA Power Solar Systems Ltd., providing installation, sales, commissioning, and maintenance services for solar power systems.
With a robust order book of Rs 761.06 crore and Rs 141.37 crore billed through September FY24, we are on track to achieve an additional Rs 260.63 crore in the second half of the year. The stock’s 52-week high is Rs 695.45 per share and its 52-week low is Rs 222.95 per share. The company has a market cap of over Rs 1,100 crore and as of September 2024, it is debt-free. The shares of the company have an ROE of 95 per cent and an ROCE of 117 per cent. Investors should keep an eye on this EPC stock.
Disclaimer: The article is for informational purposes only and not investment advice.