Low PE High ROE stock: This small-cap company receives multiple projects worth Rs 123.38 crore!

The company's shares are trading at a PE of 18.22x whereas the sectoral PE is 37.90x and an ROE of 27.19 per cent

PSP Projects informed both exchanges that the company has received projects worth Rs 123.38 crore. Details of the projects are as below-   

Project-1: Construction of the iconic Project “360” at Ahmedabad, Gujarat from Anjney Finebuild. The project is worth Rs 96 crore (excluding tax) and will be completed within 30 months.
Project-2: Design and construction of an industrial shed in Ahmedabad, Gujarat from Adishwaram Innovative LLP. The project is worth Rs 4.18 crore (excluding tax) and will be completed within 6 months.  

In addition to the above orders, the total order inflow for the financial year 2022-23 till date amounts to Rs 3415.97 crore.  

Today, shares of PSP Projects Ltd plunged 2.49 per cent to Rs 693.40 per share with an intraday high of Rs 714 and a low of Rs 694.55. The shares of the company saw a spurt in volume by more than 1.43 times on BSE.  

PSP Projects Limited is a construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. It is also engaged in the real estate development of two mid-scale projects in the USA through its subsidiaries.  

The company's shares are trading at a PE of 18.22x whereas the sectoral PE is 37.90x and an ROE of 27.19 per cent, all of which indicate strong managerial performance. Investors should keep an eye on this Small-Cap stock.