Rs 52,000 Lakh Order Book: Power EPC Company Bags New Orders Worth Rs 110 Crore in H1FY25 From Gawar Construction Ltd, Palakkad Division Railway and RRVPNL
The stock is up by 66 per cent from its 52-week low of Rs 171.40 per share.
Kay Cee Energy & Infra Limited has achieved significant milestones in H1 FY25, securing new orders exceeding Rs 110 crores from prestigious clients like Gawar Construction Ltd, Palakkad Division Railway, and RRVPNL. The company's strategic focus on railways, solar, renewable energy, and power sectors, coupled with its aim to expand beyond Rajasthan and its neighbouring regions, positions it for sustained growth. As of September 30, 2024, the company's order book stands at a robust Rs 52,000.59 lakh.
Kay Cee Energy & Infra Ltd, a leading player in the power sector, specializes in EPC projects for transmission and distribution systems. Established in 2015, the company has a strong track record of working with government entities like RRVPNL. To further enhance its capabilities and reduce reliance on external suppliers, Kay Cee Energy & Infra Ltd is establishing its first manufacturing facility in Rajasthan. This strategic move will enable the company to manufacture key components for its EPC projects, ensuring greater control over quality, supply chain management, and project execution.
In its half-yearly results, the net sales increased by 58 per cent to Rs 3,835 lakh, EBITDA increased by 44 per cent to Rs 849 lakh and PAT increased by 79 per cent to Rs 500 lakh in H1FY25 compared to H1FY24.
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With a strong clientele base that includes prestigious organizations like Rajasthan Rajya Vidyut Prasaran Nigam Limited, Power Grid Corporation of India Limited and L&T, Kay Cee Energy & Infra Ltd is well-positioned to contribute significantly to the growth and development of India's power infrastructure. The company has a market cap of Rs 312 crore with a PE of 47x, an ROE of 21 per cent and an ROCE of 23 per cent. The stock is up by 66 per cent from its 52-week low of Rs 171.40 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.