Hydroengineering & Infra Company in JV with Fitchner GmbH & Co. KG, Germany Bags Order for Upcoming Pumped Storage Projects in Various States Across India
The stock gave multibagger returns of 105 per cent from its 52-week low of Rs 74.75 per share.
DMR Hydroengineering & Infrastructures Limited, in a joint venture with Fitchner GmbH & Co. KG, Germany, has secured a significant empanelment from THDC India Limited (THDCIL). This empanelment positions the joint venture as a preferred consultant for the preparation of Detailed Project Reports (DPRs) for THDCIL's upcoming pumped storage projects across various Indian states. This strategic partnership underscores the company's expertise and commitment to delivering comprehensive consultancy services in the hydroengineering and infrastructure sector.
The empanelment, valid for a period of two years, will allow the joint venture to provide consultancy services for the specific scope of work outlined by THDCIL. While the exact nature and size of future projects are yet to be determined, this empanelment signifies a promising opportunity for DMR Hydroengineering & Infrastructures Limited to contribute to the growth of India's renewable energy sector. The company's technical prowess, coupled with Fitchner's global experience, positions the joint venture as a strong contender for these crucial projects.
DMR Hydroengineering & Infrastructures Ltd is a one-stop shop for engineering consultancy in infrastructure sectors like hydropower, dams, renewables, and tunnels. They focus on crafting innovative solutions for clients across the industry, from EPC agencies and government PSUs to independent power producers and other consultants. Their extensive service list covers everything from strategic planning and feasibility studies to detailed design, construction oversight, and project commissioning, ensuring successful project lifecycles from concept to completion.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
According to Half-yearly Results: The net sales increased by 43 per cent to Rs 4.49 crore, the operating profit increased by 15 per cent to Rs 0.98 crore and the net profit increased by 33 per cent to Rs 0.81 crore in H1FY25 compared to H1FY24.
According to Annual Results: The net sales increased by 60.3 per cent to Rs 7.02 crore, the operating profit increased by 69.7 per cent to Rs 2.02 crore and the net profit increased by 99 per cent to Rs 1.53 crore in FY24 compared to FY23.
The company has a market cap of Rs 61 crore. The stock’s 52-week high is Rs 210.45 per share and its 52-week low is Rs 74.75 per share. The stock gave multibagger returns of 105 per cent from its 52-week low of Rs 74.75 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.