Integrated Electrical & Fire Fighting Services Provider Secures 22 New Work Orders totalling Rs 32.81 Crore in November 2024
The company has a market cap of Rs 131 crore with an ROE of 110 per cent and an ROCE of 84 per cent.
Rulka Electricals Limited, a leading provider of integrated electrical and firefighting services, has announced the securing of 22 new work orders in November 2024, totalling Rs 32.81 crore. ‘With these new orders, the Company’s total order book stands at Rs 58.79 crore as of November 2024, with revenues expected to be realized over the next 15 to 18 months. Notable clients contributing to these new orders include Avenue Supermart Limited (Dmart), Indospace Industrial Park Pvt Ltd., Horizon Industrial Park Pvt Ltd. (Blackstone Group), Palava Industrial Park Private Limited (Lodha Group), ILV Industrial Parks Private Limited, DBG Estate Pvt Ltd. (Welspun), Runwal Developers Private Limited, Power of One Logistics Park Pvt Ltd. (Ascendance), and CN Tech Engineers Private Limited (CN WATER).
For the half-year period ending September 30, 2024, Rulka Electricals reported a profit of Rs 93.76 lakh, with Revenue from Operations amounting to Rs 29.69 crore. These new orders follow the successful completion of REL’s Initial Public Offering (IPO) in May 2024, through which the Company raised Rs 25 crore, strengthening its financial position and further establishing its market presence. This IPO will help improve results from Q4 onwards due to the lead time of large orders.
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Headquartered in Mumbai, Rulka Electricals Limited provides a wide range of electrical services across India, including electrical panel installations, firefighting systems, solar EPC contracts and electrical warehousing projects. The Company also specializes in maintenance services, data & voice cabling, and is known for its electrical and firefighting contracting services on projects of various scales. REL serves a diverse clientele in sectors such as industrial, commercial, retail, warehousing, and entertainment.
The company has a market cap of Rs 131 crore with an ROE of 110 per cent and an ROCE of 84 per cent. The stock is up by 6.10 per cent from its 52-week low of Rs 295 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.