This Small-cap Company Received an Order Worth Rs 81.47 crore; FIIs and DIIs increased their stake in September Quarter
The stock has an ROE of 16.2 per cent and an ROCE of 20.8 per cent. The stock has given 86 per cent in the last year.
Surya Roshni Ltd has announced a significant achievement. The Company has obtained an order worth Rs 81.47 crore (inclusive of GST) from Bharat Petroleum Corporation Limited (BPCL) for a City Gas Distribution (CGD) project on a Pan India basis.
The order involves the supply of API 5L PSL2 LPE Coated Line Pipes, ranging in size from 4 inches to 16 inches in diameter. This contract has been awarded by a domestic Public Sector Undertaking (PSU) and will be executed across multiple territories in India. The project is expected to be executed within a time frame of 16 weeks.
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This development highlights the Company’s growing presence in the infrastructure sector and its capability to deliver large-scale, high-value projects. It further reinforces the Company’s relationship with BPCL, a leading oil and gas company, and underscores its commitment to supporting India's energy infrastructure growth.
Furthermore, in Q2FY25, the company posted Quarterly Results. The revenue of the company stood at Rs 1,529 crore which decreased by 10 per cent YoY. The PAT of the company decreased by 55 per cent YoY, at Rs 34 crore. In Q2FY24, FIIs increased their stake in the company from 4.49 per cent in June 2024 to 4.87 per cent in September 2024.
Surya Roshni Limited was incorporated in 1973 for manufacturing of ERW pipes, sold under the brand name of ‘Prakash-Surya’. In 1985, SRL diversified into lighting products with the manufacturing of general lighting systems (GLS) and fluorescent tube lamps (FTL) sold under the brand name ‘Surya’ and started the production of compact fluorescent lamps (CFLs) in 2007.
FIIs have increased their stake in September quarter by 0.38 per cent and DIIs increased 0.03 per cent stake. The stock has an ROE of 16.2 per cent and an ROCE of 20.8 per cent. The stock has given 86 per cent in the last year. Company has delivered good profit growth of 21.9 per cent CAGR over last 5 years
Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.