Stock under Rs 100: Electrical Equipment Company Secures A Rs. 21.59 Crore Purchase Order Under Maharashtra's RDSS Project
With a PE ratio of 70.33x, the company trades at a premium compared to the industry PE of 44.8 The company has ROCE of 12.4 per cent and ROE of 8.71 per cent.
Akanksha Power and Infrastructure Ltd., a prominent player in the power and infrastructure sector, has announced the receipt of a substantial purchase order. The company disclosed this development in a notification to the National Stock Exchange of India Ltd.
The purchase order, received on April 7, 2025, is from Bharat Electrical Contractors & Mfrs Pvt. Ltd. It is for the supply of PQS (Power Quality Solutions), approved under the RDSS project in Maharashtra. The aggregate value of the purchase order is approximately Rs. 21.59 crores. This contract is particularly significant as it represents about 27.33 per cent of Akanksha Power and Infrastructure Ltd.'s turnover for the last audited financial year.
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According to the company's official statement, the order is expected to be delivered by March 31, 2026. The delivery is subject to the standard terms and conditions of the contract. Akanksha Power and Infrastructure Ltd. views this new order as a positive step that aligns with its growth strategy. The company anticipates that the contract will positively impact its revenues for the current financial year.
In FY24, the company posted a revenue of Rs 53.26 crore, registering a 15.56 per cent growth compared to Rs 46.09 crore in FY23. The net profit for the year stood at Rs 2.66 crore, down 6.34 per cent from Rs 2.84 crore in the previous financial year.
With a PE ratio of 70.33x, the company trades at a premium compared to the industry PE of 44.8 The company has ROCE of 12.4 per cent and ROE of 8.71 per cent.
The current market price of the stock is Rs 95.55 and the market capitalization stands at Rs 187.09 crore.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.