Low PE High ROE stock: This small-cap company receives work orders worth Rs 441.25 crore!
The company's shares are trading at a PE of 17.65x, whereas the sectoral PE is 35.60x and an ROE of 27 per cent, all of which indicate strong managerial performance.
PSP Projects informed both exchanges that the company has received work orders of Rs 441.25 crore.
Details of the orders are below:
Order-1: Design and construction of Sabha Hall at Surat & Baroda, Gujarat from BAPS Swaminarayan Sanstha. The order is worth Rs 264.24 crore (excluding tax) and will be completed within 18 months.
Order-2: Construction of Shah BV Wealth City & Shah BV Commercial Vanita Vishram at Surat, Gujarat from Reputed Private Clients. The order is worth Rs 139.30 crore (excluding tax) and will be completed within 30 months.
Today, shares of PSP Projects Ltd climbed 0.91 per cent to Rs 695.35 per share with an intraday high of Rs 710.40 and a low of Rs 692.25. The shares of the company saw a spurt in volume by more than 1.04 times on BSE.
PSP Projects Limited is a construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India. It is also engaged in the real estate development of two mid-scale projects in the USA through its subsidiaries.
The company's shares are trading at a PE of 17.65x, whereas the sectoral PE is 35.60x and an ROE of 27 per cent, all of which indicate strong managerial performance.
Investors should keep an eye on this Small-Cap stock.