Electrical & Fire-Fighting Solutions Provider Secures Work Orders Worth Rs 1,52,26,509 – Stock Hits Upper Circuit Today
The company’s shares have delivered over 55 per cent to its shareholders.
This Small-Cap company is a provider of electrical and fire-fighting solutions. The company offers a range of services, including electrical solutions, electrical panels, solar EPC contracts, turnkey electrical warehousing projects, commercial and industrial electrical services, maintenance, electrical contracting, and data and voice cabling installation. These services cater to various sectors, including industrial, commercial, retail, and theater.
The company has secured new orders from various clients, totalling Rs 1,52,26,509. These orders include multiple electrical works across different locations. The projects include electrical works at Kurla, electrical works in Taloja amounting to Rs 49,25,056, electrical work for LPDB in Goa valued at Rs 37,65,671, and electrical works in Bhiwandi worth Rs 1,63,782. The total amount for these orders is Rs 63,72,000, contributing to the overall total of Rs 1,52,26,509.
On Thursday, the shares of Rulka Electricals Limited closed at around Rs 368.05 per share. The company’s current market capitalization stands at Rs 156.73 crore. The company’s stocks have delivered an impressive return of over 55 per cent compared to the final IPO price of Rs 235 each.
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The company doesn’t provide Quarterly Results and as per the half-yearly results, Rulka Electricals Limited recorded a revenue of Rs 34.55 crore in March 2024. The operating profit for the period stood at Rs 4.83 crore. The net profit reported by the company was Rs 3.72 crore compared to a profit of Rs 2.39 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 70.98 crore in FY24. The operating profit for FY24 was Rs 8.89 crore with a net profit of Rs 6.11 crore compared to a net profit of Rs 2.81 crore in FY23.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.