Low PE stock in news: This micro-cap company bags a contract worth Rs 4.08 crore!

The stock is up by 14 per cent in just 5 days and over 21 per cent in 1 month.

Alphageo (India) Limited has bagged a receipt of the award of contract from GSI, Southern Region, Hyderabad for gravity and magnetic surveys along with measurement of elevation with DGPS in identified areas under the National Geophysical Mapping Programme of Geological Survey of India for an estimated Contract Value of Rs 4.08 crore (inclusive of taxes).  

After bagging this contract, shares of Alphageo Ltd surged 3.10 per cent to Rs 246.10 per share with an intraday high of Rs 252.70 and an intraday low of Rs 236.70. The stock has a 52-week high of Rs 348 and a 52-week low of Rs 200.   

Alphageo (India) Ltd is engaged in providing geophysical seismic data acquisition, processing and interpretation services for the exploration of hydrocarbons and minerals.  

The company has a market cap of Rs 157 crore. In FY22, net sales rose by 9 per cent and net profit skyrocketed by 100 per cent compared to FY21. The shares of the company have a PE of 6.60x whereas the sectoral PE is 12x. The company has reduced its debt in the financial year 2022-2023 and currently, the company is debt free. The company has maintained a healthy dividend payout of 21 per cent with a dividend yield of 3.27 per cent.

The stock is up by 14 per cent in just 5 days and over 21 per cent in 1 month. Investors should keep an eye on this micro-cap stock.