Rs 265 crore order book: This multibagger micro-cap company receives order worth Rs 7.38 crore from National Highways Authority of India!
The stock gave multibagger returns of over 200 per cent in 3 years.
Dhruv Consultancy Services Ltd (BSE Script Code: 541302: NSE Script Code: DHRUV), one of the leading infrastructure consultancy companies in India, informed that along with G Engineering Advisory Services Pvt Ltd and in association with Kaius Consulting Pvt Ltd has received the letter of award for providing consultancy services for independent engineer services for supervision of development of six-lane access controlled greenfield highway of Bengaluru-Vijayawada Economic Corridor on HAM Mode under Bharatmala Pariyojana Phase -I in the State of Andhra Pradesh, from National Highways Authority of India (NHAI).
The contract price for the said Project will be Rs 7,38,00,000 or Rs 7.38 crore excluding GST. The contract period will be of 48 months.
Previously, the company received an order worth Rs 1.24 crore from Gati Shakthi Unit, Salem Division from the Salem Division- Gati Shakti of Southern Railway. The order included a project supervision services agency (PSSA) for various works. The order will be completed in 12 months from LOI.
The company received multiple orders worth over Rs 20 crore in 2023-2024. Including all the orders the company’s order book stands over Rs 265 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 Tuesday, shares of Dhruv Consultancy Services surged 2.39 per cent to Rs 51.04 per share with an intraday high of Rs 54.19 and an intraday low of Rs 49.60. The shares of the company saw a spurt in volume by more than 19.13 times on BSE
The stock gave multibagger returns of over 200 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.