Rs 242 crore order book: This multibagger micro-cap company receives order worth Rs 9.72 crore from National Highway Authority of India!
The stock gave multibagger returns of 215 per cent over the span of 3 years.
Dhruv Consultancy Services Ltd (BSE Script Code: 541302: NSE Script Code: DHRUV), one of the leading infrastructure consultancy companies in India, has received letter of award (LOA) for consultancy services for authority engineer services for four laning of Gazipur - Ballia - UP/Bihar State Border (Greenfield) section of NH- 31 from Pindari to Rawalganj Bypass in the State of Uttar Pradesh on EPC Mode. The consultancy order is received from the National Highway Authority of India with a fee of Rs 9.72 crore and will be completed within 84 months from LOA.
The company received multiple orders worth Rs 13 crore in 2023-2024. Including all the orders the company’s order book stands over Rs 242 crore.
According to the financials, the net sales increased by 3.59 per cent and the net profit increased by 127 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 8.15 per cent in FY23 compared to FY22. The company reported a net profit of Rs 4.82 crore in FY23 whereas in FY22 it reported a net profit of Rs 5.76 crore, down by 16.22 per cent.
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On Wednesday, shares of Dhruv Consultancy Services gained 1.32 per cent to an intraday high of Rs 50.70 per share from its previous closing of Rs 50.06. At the closing bell, shares of the company were trading at Rs 49.86 per share, down 0.40 per cent.
The stock has a 52-week high of Rs 72.50 and a 52-week low of Rs 43.26. The stock gave multibagger returns of 215 per cent over the span of 3 years. Investors should keep an eye on this micro-cap stock.