Rs 800 Crore Order Book: This Small-Cap Company Secures Rs 53,00,00,000 Order from Housing & Urban Development Department, Government of Odisha

The company’s shares have delivered an impressive return of over 250 per cent in the past 2 years.

Incorporated in 1973, Surya Roshni Limited is India’s largest exporter of ERW Pipes, the largest producer of GI Pipes, and in the lighting segment. The company focuses on enhancing its product mix with value-added offerings such as 3LPE-coated and Alkyd pipes.

According to the recent press release, Surya Roshni Limited secured an order worth Rs 53 crore (including GST) from OUTDF, Government of Odisha, for installation work in retrofitting stretches across 16 Urban Local Bodies (ULBs) - Cluster C. The project aims to implement LED Public Street Lighting Projects in various districts of Odisha.

Surya Roshni Limited shares are trading at around Rs 624.40 per share. The company’s current market capitalization stands at Rs 6795 crore. The stock has delivered a return of over 250 per cent in just 2 years.

As per the Quarterly Results, in the fourth quarter of FY24, Surya Roshni Limited recorded a revenue of Rs 2080 crore. The operating profit for Q4 FY24 stood at Rs 166 crore. The net profit for Q4 FY24 was Rs 104 crore. Looking at the annual performance, the company generated a revenue of Rs 7809 crore in FY24, compared to Rs 7996 crore in FY23. The operating profit for FY24 was Rs 572 crore, with a net profit of Rs 329 crore.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.