Under Rs 100: This Microcap Company Bags Order Worth Rs 4,66,00,000 from Ministry of Road Transport and Highways!
The company’s shares have delivered an impressive return of around 40 per cent in the past 1 year.
Incorporated in 1987, Artefact Projects Ltd is engaged in the project consultancy business in India. The company has been awarded a project by the Ministry of Road Transport and Highways. The project involves the appointment of the Authority Engineer for the supervision of the rehabilitation and upgradation of the Lagam to Atapatlli in Gadchiroli District, Maharashtra, on EPC mode. The company has received the official letter of award for this project, with contracted fees totalling approximately Rs 4.66 crore.
Artefact Projects Ltd shares closed at around Rs 75.14 per share. The company’s current market capitalization stands at Rs 54.66 crore. The stock has delivered a return of around 40 per cent in just 1 year.
As per the Quarterly Results, in the fourth quarter of FY24, Artefact Projects Ltd recorded a revenue of Rs 7.12 crore. The operating profit for Q4 FY24 stood at Rs 5.23 crore. The net profit for Q4 FY24 was Rs 0.22 crore. Looking at the annual performance, the company generated a revenue of Rs 24.17 crore in FY24, compared to Rs 18.17 crore in FY23. The operating profit for FY24 was Rs 2.88 crore with a net profit of Rs 5.23 crore.
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According to the shareholding pattern, promoters own 39.09 per cent, and public investors own 60.23 per cent. FIIs own a 0.69 per cent stake in the company.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.