High ROE & ROCE Stock Locked in 5 Per cent Upper Circuit: The Company Secures Rs 5,00,00,000 Work Order from Euroteck Environmental Pvt Ltd
The company has ROCE of 55.2 per cent and ROE of 79.5 per cent.
On Thursday, shares of Lakshya Powertech Ltd jumped by 5 per cent and locked in the upper circuit as the company announced the receipt of a significant work order from Euroteck Environmental Private Ltd.
The work order pertains to testing and commissioning support services for water treatment plant (WTP) projects. The total contract value is Rs 5 crore, excluding applicable taxes. The project is expected to be executed within a timeframe of three months.
Euroteck Environmental Private Limited, a domestic entity, awarded the contract, emphasizing Lakshya Powertech’s growing presence in the environmental and infrastructure sector. The company confirmed that neither its promoters nor group companies have any interest in Euroteck Environmental Private Limited, ensuring that the contract does not fall under related party transactions.
Akash Patel, Company Secretary and Compliance Officer of Lakshya Powertech Limited, signed the official communication submitted to the National Stock Exchange of India Limited (NSE) today.
This development is expected to strengthen Lakshya Powertech’s portfolio in WTP project services and contribute to its business growth in the coming quarters.
About Company
Lakshya Powertech Ltd. operates as an engineering consultancy and contracting company. It provides contracting, electrical, mechanical and engineering consulting services for power, renewable energy, industrial, oil and gas sectors. The company was founded in 2012 and is headquartered in Serilingampally, India.
With a market capitalisation of Rs 187 crore and a PE ratio of 10.5x, the company trades at a discount compared to the industry PE of 30.6x. The company has ROCE of 55.2 per cent and ROE of 79.5 per cent.
Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.