Low PE penny stock under Rs 60 and Rs 236 crore order book: This micro-cap company receives orders worth Rs 5.07 crore from National Highway Authority of India!

The shares of the company have a PE of 6.79x whereas the industry PE is 22.4x with multibagger returns of 230 in a decade.

Artefact Projects Ltd informed that the company has been awarded the following order worth Rs 5.07 crore from the National Highway Authority of India (NHAI):

a) Independent Engineer (IE) services for the operation and maintenance stage of four laning of Kashipur- Sitarganj section NH-74 in the State of Uttarakhand and Uttar Pradesh under NHDP Phase -IV on DBFOT (Toll) basis.

b) The Company has received the letter of award for the said project.

2) The Company’s contracted fees for the above project awarded is approx. Rs. 5.07 crore.

3) With the above Contracted Award, the company’s cumulative gross value of orders in hand for ongoing projects exceeds Rs 236 crores which imparts a strong revenue visibility for the next 3 to 4 years.

Also read: Vijay Kedia gains Rs 4,83,31,875 from this multibagger penny stock below Rs 100 in just 21 days with robust order book worth Rs 2,961 crore; Do you own it?

Incorporated in 1987, Artefact Projects Ltd is engaged in the project consultancy business in India. The company has a market cap of 37.40 crore and reported positive numbers in its Quarterly Results and annual results. The stock is trading at 0.69 times its book of Rs 76.5 each.

On Monday, one of the Top Gainers on BSE, shares of Artefact Projects Ltd zoomed 18.60 per cent to an intraday high of Rs 58.40 per share from its previous closing of Rs 49.24 with a spurt in volume by more than 3.25 times on BSE. The stock’s 52-week high is Rs 65 and its 52-week low is Rs 30.16.

The shares of the company have a PE of 6.79x whereas the industry PE is 22.4x with multibagger returns of 230 in a decade. Investors should keep an eye on this micro-cap stock.

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