Microcap Power Infrastructure Company Secures Order Worth Rs 2.31 Crore from Rajasthan Rajya Vidyut Prasaran Nigam, Jaipur
The company’s shares have delivered an impressive return of over 400 per cent to its shareholders.
Founded in 2015, Kay Cee Energy and Infra Ltd specializes in the construction and commissioning of electricity transmission and distribution systems. The company handles engineering, procurement, and construction (EPC) projects for government entities, including Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL).
The company has been awarded a work contract by Rajasthan Rajya Vidyut Prasaran Nigam Limited, Jaipur, for the construction of LILO work on the 132 KV S/C Deolimanjhi - Sangod line for the 132 KV GSS Kanwas. The project spans approximately 15 km, with an estimated order value of INR 2,31,12,584.36 (Rupees Two Crores Thirty-One Lakh Twelve Thousand Five Hundred Eighty-Four and Paisa Thirty-Six Only). The contract is to be completed within six months from the commencement of the layout.
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Kay Cee Energy and Infra Ltd shares closed the day at around Rs 272 per share. The company’s current market capitalization stands at Rs 298.11 crore. The stock has delivered a multibagger return of around 400 per cent compared to its final IPO price of Rs 54 each.
The company doesn’t announce Quarterly Results and as per the half-yearly results, Kay Cee Energy and Infra Ltd recorded a revenue of Rs 40.34 crore. The operating profit for the period stood at Rs 7.04 crore. The net profit was Rs 3.76 crore. Looking at the annual performance, the company generated a revenue of Rs 64.47 crore in FY24, compared to Rs 61.09 crore in FY23. The operating profit for FY24 was Rs 12.50 crore with a net profit of Rs 6.55 crore.
According to the shareholding pattern, promoters own 70.26 per cent, and 28.34 per cent is owned by public investors. DIIs owns a 1.41 per cent stake in the company.
Investors must keep this micro-cap power infra company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.