Electrical & Fire-Fighting Solutions Provider Secures Work Orders Worth Rs 1,69,77,399 – Stock Hits Upper Circuit!
The company’s shares have delivered over 30 per cent to its shareholders.
This Small-Cap company is a provider of electrical and fire-fighting solutions. The company offers a range of services, including electrical solutions, electrical panels, solar EPC contracts, turnkey electrical warehousing projects, commercial and industrial electrical services, maintenance, electrical contracting, and data and voice cabling installation. These services cater to various sectors, including industrial, commercial, retail, and theater.
The company has secured new orders from various clients, amounting to a total of Rs 1,69,77,399, reflecting its consistent growth and expansion. These orders span multiple locations and involve key projects across segments such as retail and warehouse. In Maharashtra, fire-fighting works have been commissioned in Solapur and another location. Additionally, electrical works are set to be executed at warehouses in Ramachandrapuram, Telangana; Bhandup, Maharashtra; Chennai, Tamil Nadu (two orders); Kulana, Jhajjar; and Jagtial, Telangana. The individual order values range from Rs 92,347 to Rs 56,25,388, underscoring the diversity and scope of the projects. The company aims to complete the execution of these orders within the current financial year, further solidifying its position in the market.
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Today, the shares of Rulka Electricals Limited are closed at around Rs 315.95 per share. The company’s current market capitalization stands at Rs 134.14 crore. The company’s stocks have delivered an impressive return of over 30 per cent compared to final IPO price of Rs 235 each.
The company doesn’t provide Quarterly Results and as per the half yearly results in Sep 2024 Rulka Electricals Limited recorded a revenue of Rs 29.69 crore in Sep 2024. The operating profit for the period stood at Rs 7.48 crore. The net profit reported by the company was Rs 0.94 crore compared to a profit of Rs 2.39 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 70.98 crore in FY24. The operating profit for FY24 was Rs 8.89 crore with a net profit of Rs 6.11 crore compared to a net profit of Rs 2.81 crore in FY23.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.