This micro-cap multibagger locked in the upper circuit: company received order worth Rs 7,36,00,000 from Mineral Exploration and Consultancy!
The stock has a PE of 88.1x whereas the industry PE is 16.4x and an ROE of 7.32 per cent. Investors should keep an eye on this Mid-Cap stock.
On Monday, shares of South West Pinnacle Exploration Ltd soared 4.25 per cent to Rs 178 per share with an intraday high of Rs 178 and an intraday low of Rs 170. Amid receival of a work order explained ahead. The stock had a 52-week high of Rs 188 and a 52-week low of Rs 91.
South West Pinnacle Exploration Limited (SWPE) has got a work order from Mineral Exploration and Consultancy Limited, Nagpur for Core Drilling work of coal in Chatra district of Jharkhand state. The aggregate value of contract is Rs 7.36 crore. This is a short duration project to be completed by June 2024.
Entity Awarding Order: Mineral Exploration and Consultancy Limited
Significant Terms and Conditions: Order value subject to variation of +/- 20 per cent based on ground conditions.
Nature of Order: Core Drilling Work for the exploration of Coal
Domestic or International Status: Domestic
Execution Timeframe: Around Six Months
Order Size: Approximately Rs 7.36 Crores
During the FY23 the Company has earned total revenue of Rs. 12,8.09 crore as against Rs. 120.64 crore during the previous year with an increase of 6.16 per cent. The year under review resulted in Net Profit after Tax of Rs 8.32 crore as compared to Net Profit after Tax of Rs 12.16 crore during the previous year.
On consolidated basis, revenue for FY23 stood at is Rs. 128.45 crore as against Rs. 120.64 crore during previous year with an increase of 6.46 per cent and Net Profit after Tax of Rs. 8.97 crore as compared to Net Profit after Tax of Rs. 10.92 crore during the previous year.
With the robust order book of over 290 crores in addition to the ongoing tenders worth over 250 crores, the company is confident of achieving revenue growth ranging from 15 per cent to 20 per cent with corresponding increase in profits.(FY23)
The multibagger micro-cap stock has a PE of 88.1x whereas the industry PE is 16.4x and an ROE of 7.32 per cent. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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