Rs 1,063 Crore Order Book: This Small-Cap Company Bags Order Worth Rs 148.50 Crore in Coal Segment; Complete Details Inside!

The company’s shares have delivered an impressive return of over 115 per cent in just 1 year.

Asian Energy Services Limited (AESL), an end-to-end service provider across the entire upstream value chain, along with its JV partner Indwell, has been awarded an order for the Design, Supply, Erection & Commissioning, and Trial Run of a Coal Evacuation System by Belt Conveyors at PKOCP, Manuguru Area of The Singareni Collieries Company Limited (SCCL). The total contract value is Rs 148,50,00,000 plus 18 per cent IGST, and the order will be executed over a span of 18 months.

Commenting on this, Mr. Kapil Garg, Managing Director of Asian Energy Services Limited, said, “We are delighted to announce that we have secured another contract valued at approximately Rs 148 crores in the coal segment. This marks our second order with SCCL, highlighting not only the confidence major players place in us but also our capability to consistently win repeat business from our clients. This achievement underscores our optimistic outlook on the abundant opportunities within the mineral sector, particularly in coal. It stands as a testament to our strategic shift from solely focusing on seismic services to embracing a more diversified approach. We are enthusiastic about the promising prospects that lie ahead in the mineral industry.”

Share Performance:

Today the shares of Asian Energy Services Ltd closed the day at Rs 282.50 per share. The company’s current market capitalization stands at Rs 1156 crore. The stock has delivered a return of around 118 per cent in the past 1 year.

Financial performance:

According to the Quarterly Results, in Q4 FY24, Asian Energy Services reported a revenue of Rs 119 crore and an operating profit of Rs 25 crore. The operating profit margin for the quarter stands at 21 per cent. The company’s net profit stood at Rs 15 crore. In FY24, the company reported a revenue of Rs 305 crore compared to Rs 110 crore and a net profit of Rs 26 crore, compared to a loss of Rs 44 crore in the previous year.

Investors must keep this Small-Cap stock on their radar.

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