Electrical & Fire-Fighting Solutions Provider Secures Work Orders Worth Rs 4,34,00,713 from DMart - Keep This Stock on Radar

This micro-cap company is a provider of electrical and fire-fighting solutions. The company offers a range of services, including electrical solutions, electrical panels, solar EPC contracts, turnkey electrical warehousing projects, commercial and industrial electrical services, maintenance, electrical contracting, and data and voice cabling installation. These services cater to various sectors, including industrial, commercial, retail, and theater.

The company has confirmed new orders from various clients totalling Rs 4,34,00,713. Notably, Avenue Supermarts Limited popularly known as D Mart has placed an order amounting to INR 34,340,0713 for firefighting work in Haryana-Jhajjar. The company intends to complete the execution of these new orders within the current financial year.

On Friday, the shares of Rulka Electricals Limited closed at around Rs 405 per share. The company’s current market capitalization stands at Rs 172.47 crore. The company’s stocks have delivered an impressive return of over 70 per cent compared to the final IPO price of Rs 235 each.

The company doesn’t provide Quarterly Results and as per the half-yearly results, Rulka Electricals Limited recorded a revenue of Rs 34.55 crore in March 2024. The operating profit for the period stood at Rs 4.83 crore. The net profit reported by the company was Rs 3.72 crore compared to a profit of Rs 2.39 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 70.98 crore in FY24. The operating profit for FY24 was Rs 8.89 crore with a net profit of Rs 6.11 crore compared to a net profit of Rs 2.81 crore in FY23.

Investors must keep this stock on their radar.

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