Low PE stock below Rs 50: This micro-cap company receives order worth Rs 1.25 crore from Patel Engineering Ltd!
The stock has a PE of 18.10x whereas the sectoral PE is 31.10x and gave 50 per cent returns in just 1 year.
DMR Hydroengineering & Infrastructures informed that it has received a letter of acceptance for the proposed work order for consultancy services for the design and construction of the treated water tunnel and allied works in Dist. Raigad, subject to the approval of CIDCO.
The order, worth Rs 1.25 crore, was obtained from Patel Engineering Ltd and will be completed in 60 months.
On June 15, 2023, shares of DMR Hydroengineering & Infrastructures Ltd plunged 2.39 per cent to Rs 37.50 per share. The stock has a 52-week high of Rs 45 and a 52-week low of Rs 20.40.
DMR Hydroengineering & Infrastructures is engaged in providing engineering consultancy and due diligence services to hydropower, dams, roads, and railway tunnels.
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According to the financials, DMR has a market cap of Rs 13.79 crore with a 1-year CAGR of 50 per cent. The net sales increased by 23.82 per cent and the net profit increased by 12.81 per cent in FY23 over FY22.
The stock has a PE of 18.10x whereas the sectoral PE is 31.10x and gave 50 per cent returns in just 1 year. Investors should keep an eye on this micro-cap stock.