Low PE stock under Rs 50: This micro-cap company receives order worth Rs 9.81 lakh from Indian Renewable Energy Development Agency Limited!

The stock gave 53 per cent returns in just 6 months and over 90 per cent in 1 year.

DMR Hydroengineering & Infrastructures informed it has been appointed as LIE for monitoring of Indian Renewable Energy Development Agency Limited (IREDA) funded commissioned 24 MW Aniyur hole Small Hydro Project (SHP) located at Aniyur Stream, Neria Village, Belthangadi Taluk, Dakshin Kanada, Karnataka. The order is worth Rs 9.81 lakh and will be completed in 3 months from LOI.

On Friday, shares of DMR Hydroengineering & Infrastructures Ltd jumped 10 per cent upper circuit to Rs 44.42 per share from its previous closing of Rs 40.39. The stock has a 52-week high of Rs 45 and a 52-week low of Rs 20.40.

DMR Hydroengineering & Infrastructures is engaged in providing engineering consultancy and due diligence services to hydropower, dams, roads, and railway tunnels.

According to the financials, DMR has a market cap of Rs 16.55 crore with a 1-year stock price CAGR of 75 per cent. The net sales increased by 23.82 per cent to Rs 4.38 crore and the net profit increased by 12.81 per cent to Rs 0.77 crore in FY23 over FY22.

The stock has a PE of 19x whereas the sectoral PE is 38.10x. The stock gave 53 per cent returns in just 6 months and over 90 per cent in 1 year. Investors should keep an eye on this micro-cap stock.