Low PE high ROE penny stock under Rs 10: This micro-cap civil construction receives order worth over Rs 37 crore!
The stock is up 65 per cent in just 1 month
Madhav Infra Projects Limited received of letter of acceptance (LOA) for the construction of a railway over the bridge in lieu of the level crossing of the Bina- Katni Track on Damoh-Badakpur Road, Damoh District (M.P.) from the Office of The Executive Engineer Public Work, Department Bridge Construction Division SAGAR (M.P.) The total cost of the work at the accepted rate works out to Rs 37,07,34,207.90 (Rupees Thirty-Seven Crore Seven Lakh Thirty-Four Thousand Two Hundred and Seven and Ninety Paise Only)
On Wednesday, one of the Top Gainers in BSE, shares of Madhav Infra Projects Limited surged 7 per cent to Rs 6.42 per share with the day’s high of Rs 6.50 and day’s low of Rs 6.25.
Madhav Infra Projects Limited is engaged in the business of infrastructure development and solar power generation. It is the in-house EPC arm of the Madhav group.
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According to the financials, the company reported excellent Quarterly Results and annual results. The net sales increased by 11.44 per cent to Rs 512.70 and net profit skyrocketed by 446.13 per cent to Rs 36.57 in FY23 over FY22.
The shares of the company have a PE of 5.39x and a ROE of 23 per cent. The stock is up 65 per cent in just 1 month. Investors should keep an eye on this stock.