Rs 52,000.59 Lakh Order Book: Power Cable Company Bags New Order of Rs 12,79,66,197.40 From Rajasthan Rajya Vidyut Prasaran Nigam Ltd
The stock is up by 84 per cent from its 52-week low of Rs 171.40 per share.
Kay Cee Energy & Infra Limited announced that it has secured a significant contract from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL). The contract involves the shifting and undergrounding of a 132kV Basni-NPH line traversing the AIIMS, Jodhpur campus. This project entails detailed route surveys, installation of 630 sq. mm, 132kV XLPE cable systems on DC monopoles, and associated civil works. The total contract value, inclusive of GST, amounts to Rs 12,79,66,197.40. The specific terms and conditions of the contract will be outlined in the detailed work order, which is forthcoming.
Earlier, the company achieved significant milestones in H1FY25, securing new orders exceeding Rs 110 crores from prestigious clients like Gawar Construction Ltd, Palakkad Division Railway, and RRVPNL. The company's strategic focus on railways, solar, renewable energy, and power sectors, coupled with its aim to expand beyond Rajasthan and its neighbouring regions, positions it for sustained growth.
Kay Cee Energy & Infra Ltd, a leading player in the power sector, specializes in EPC projects for transmission and distribution systems. Established in 2015, the company has a strong track record of working with government entities like RRVPNL. To further enhance its capabilities and reduce reliance on external suppliers, Kay Cee Energy & Infra Ltd is establishing its first manufacturing facility in Rajasthan. This strategic move will enable the company to manufacture key components for its EPC projects, ensuring greater control over quality, supply chain management, and project execution.
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In its half-yearly results, the net sales increased by 58 per cent to Rs 3,835 lakh, EBITDA increased by 44 per cent to Rs 849 lakh and PAT increased by 79 per cent to Rs 500 lakh in H1FY25 compared to H1FY24.
As of September 30, 2024, the company's order book stands at a robust Rs 52,000.59 lakh. With a strong clientele base that includes prestigious organizations like Rajasthan Rajya Vidyut Prasaran Nigam Limited, Power Grid Corporation of India Limited and L&T, Kay Cee Energy & Infra Ltd is well-positioned to contribute significantly to the growth and development of India's power infrastructure. The company has a market cap of Rs 340 crore with a PE of 47x, an ROE of 21 per cent and an ROCE of 23 per cent. The stock is up by 84 per cent from its 52-week low of Rs 171.40 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.