Low PE penny stock under Rs 100: This micro-cap company receives order worth Rs 371.82 lakh from Ministry of Road Transport and Highways

The stock is up by 38 per cent from its 52-week low of Rs 58.20 per share.

Artefact Projects Limited has secured a significant contract for the "Consultancy Service for Independent Engineer 4 Laning of Rewa Bypase from Km 00.000 to 19.200 of NH-30 in the state of Madhya Pradesh." This project will be executed on a Hybrid Annuity Model (HAM) in association with Global Infra Solution and M S Consultant. The company has received the Letter of Award (LOA-Reg) from the Ministry of Road Transport and Highways.

This domestic contract entails providing independent engineering services for the 4-laning project. The total contract value awarded to Artefact Projects Limited is approximately Rs 371.82 lakh, excluding GST. The project duration is set at 48 months, indicating a significant long-term commitment from the company.

Incorporated in 1987, Artefact Projects Ltd is engaged in the project consultancy business in India. The company has a market cap of Rs 56.2 crore and reported positive numbers in its Quarterly Results (Q2FY25) and half-yearly results (H1FY25). The stock is trading at 0.92 times its book value and has delivered good profit growth of 31.6 per cent CAGR over the last 5 years.

On Monday, shares of Artefact Projects Ltd gained 7.37 per cent to Rs 80.30 per share from its previous closing of Rs 74.79 per share with an intraday high of Rs 89.74 per share and an intraday low of Rs 77.12 per share. The stock’s 52-week high is Rs 111 per share and its 52-week low is Rs 58.20 per share.

The shares of the company have a PE of 10x whereas the industry PE is 33x. The stock is up by 38 per cent from its 52-week low of Rs 58.20 per share. Investors should keep an eye on this micro-cap stock.

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