Rs 17,900 crore order book and stock trading under Rs 60: Vijay Kedia’s multibagger stock bags Rs 240.02 crore order from NHPC Ltd
The stock has given more than 480 per cent multibagger returns in the last five years.
NHPC Ltd has declared Patel Engineering Limited (PEL) as L1 for a Rs 240.02 crore contract for the works involving modification of diversion tunnel into tunnel spillway arrangement – Civil & Hydro Mechanical works for Package 6 - TEESTA-VPOWERSTATION, SIKKIM.
The project is to be completed in a period of 18 months. The said project is located in the South District of Sikkim State.
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The scope of work involves the Construction of the civil works of the tunnel spillway including construction audit, gate operation chamber and gate shaft, precast bridge, excess road, energy dissipation arrangement of tunnel spillway, dyke and tunnel for environment flow and its Gate Operation Chamber (GOC).
The Company has vast experience working in North Eastern States. Currently, PEL is working on NHPC - TEESTA VI HEP (Lot-2), which is located near Singtam town - Sikkim, about 30km from the proposed project site.
According to Quarterly Results, the net sales decreased by 1.51 per cent to Rs 1102 crore in Q1FY25 compared to Rs 1119 crore in Q1FY24. The company reported a net profit of Rs 55 crore in Q1FY25 compared to a net profit of Rs 43 crore in Q1FY24, an increase of 27.90 per cent.
Patel Engineering Ltd is a 75-year company established in the year 1949 and has a strong presence in irrigation, tunnels and underground works for hydroelectric and dam projects. The Company has a consistent track record in the execution of projects in the domestic and international arena. PEL has completed over 85 dams, 40 hydroelectric projects and more than 300 km of tunnelling for clients which are mostly central PSUs or state government organizations.
This Small-Cap stock is trading at Rs 58.4. The company has a market cap of Rs 4,930 crore and has ROE of 7.5 per cent. The stock has given more than more than 480 per cent multibagger returns in the last five years.
Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.