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Hydroengineering & Infrastructure Company Signs MoU with Photonics Watertech for Consortium-Based Trade, Engineering, & Research Activities – Stock Gains Over 600 Per cent!
Rakesh Deshmukh

Hydroengineering & Infrastructure Company Signs MoU with Photonics Watertech for Consortium-Based Trade, Engineering, & Research Activities – Stock Gains Over 600 Per cent!

The company’s shares have delivered an impressive multibagger return of over 120 per cent in just 1 year.

This micro-cap company provides engineering consultancy and due diligence services for hydropower, dams, roads, and railway tunnels. The company is ISO certified and offers consultancy services for hydro-engineering and the infrastructure sector. DMR is also a member of the Consulting Engineers Association of India (CEAI), the Indian Society of Hydraulics, and the Indian Society of Rock Mechanics & Tunnelling Technology.

DMR Hydroengineering & Infrastructures Ltd signed a Memorandum of Understanding (MOU) on September 18, 2024, with Photonics Watertech Private Ltd. The MOU involves engaging in trade, services, engineering, execution, solutions, and research activities, to be conducted mutually on a consortium basis.

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Today, the shares of DMR Hydroengineering are trading at around Rs 171.30 per share on the BSE. The company’s current market capitalization stands at Rs 83.21 crore. Additionally, the shares have delivered an impressive multibagger return of over 670 per cent in the past 2 years only.

The company doesn’t provide Quarterly Results, as per half yearly results in March 2024, DMR Hydroengineering recorded a revenue of Rs 3.88 crore compared to Rs 2.11 crore. The operating profit stood at Rs 1.15 crore. The net profit stood at Rs 0.93 crore compared to a profit of Rs 0.28 crore. Looking at the annual performance, the company generated a revenue of Rs 7.02 crore in FY24. The operating profit for FY24 was Rs 2.02 crore with an operating profit margin of 28.77 per cent & a net profit of Rs 1.54 crore compared to Rs 0.77 crore

According to the shareholding pattern of the company, the promoters hold a significant 72.12 per cent stake while public investors own 27.88 per cent of the shares.

Check out my recent article here.

Investors must keep this stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.

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