Microcap Multibagger Construction Company Secures L-1 Rank for Rs 5,36,62,000 Annual Maintenance Contract at B.P.I Airport; Stock Hits Upper Circuit Today
The company's shares have delivered an impressive return of over 220 per cent to their shareholders in just one year.
Incorporated in 2017, This micro-cap construction company specializes in the development, maintenance, and operation of airports and related businesses. The company has been ranked as L-1 for the "Annual Maintenance Job Contract for Two Years" of existing electrical and mechanical installations at B.P.I Airport, Bhubaneswar. This contract covers the Domestic Terminal T-1, International Terminal T-2, Link Building, and its Power House for the period of 2024-26, with a total contract value of INR 535.62 lakhs, including GST.
Recently, Abhishek Integrations Ltd has been ranked as L-1 for the "ARMO of Electrical and Mechanical Installations 2024-25" contract at Visakhapatnam Airport.
Today, the shares of Abhishek Integrations Ltd rallied and hit the upper circuit and closed at around Rs 104.20 per share on the NSE. The company’s current market capitalization stands at Rs 62.74 crore. Additionally, the company’s shares have delivered a return of over 220 per cent in the past 1 year.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per the half-yearly results, in March FY24, Abhishek Integrations Ltd recorded a revenue of Rs 14.59 crore compared to Rs 13.76 crore. The operating profit stood at Rs 1.01 crore. The net profit stood at Rs 0.50 crore compared to a profit of Rs 0.34 crore. Looking at the annual performance, the company generated a revenue of Rs 25.45 crore in FY24. The operating profit for FY24 was Rs 1.75 crore with a net profit of Rs 0.77 crore compared to a net profit of Rs 0.67 crore in FY23.
Check out my recent article here.
Investors must keep this micro-cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
If you like Rakesh Deshmukh’s work, please rate it and leave your comments. We welcome your feedback and suggestions, so feel free to share your thoughts below.