Low PE high ROE stock under Rs 100: This micro-cap company receives order worth Rs 20.25 crore from Thermax Ltd!

Low PE high ROE stock under Rs 100: This micro-cap company receives order worth Rs 20.25 crore from Thermax Ltd!

Kiran Shroff
/ Categories: Trending, Mindshare

The shares of the company have a PE of 13.70x and a ROE of 57.30 per cent.

Auro Impex & Chemicals Limited is specializes in the manufacturing, exporting, and supply of discharge & collecting electrodes, as well as internal parts and spares for electrostatic precipitators (ESPs). Receives an order for collecting and discharging electrodes from Thermax Ltd.

The order is worth Rs 20.25 crore and it is to be executed within November 2023.

Speaking on the occasion Mr Madhusudan Goenka, Managing Director - Auro Impex & Chemicals Limited said, “We are thrilled to receive a Rs 20.25 crore order for discharging and Collecting Electrodes. This reflects our commitment to quality, sustainability, and customer satisfaction. Grateful to our team for their dedication in supporting our ongoing success and growth in the industry.”

The company has a market cap of Rs 77 crore. According to the annual results, the net sales increased by 64.55 per cent to Rs 181 crore and the net profit skyrocketed by 200 per cent to Rs 6 crore in FY23 compared to FY22.  

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On Wednesday, shares of Auro Impex & Chemicals Ltd surged 0.48 per cent to Rs 62.50 per share from its previous closing of Rs 62.20. The stock traded at an intraday high of Rs 64 and an intraday low of Rs 61.80.

The shares of the company have a PE of 13.70x and a ROE of 57.30 per cent. The stock was listed on NSE, on May 26, 2023, at Rs 74.15 per share with a lot size of 1,600 shares.

Investors should keep an eye on this SME stock.

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

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