Penny Stock Under Rs 30: This infrastructure company received a work order of worth Rs 207 crore; Stock Price Locked in the 5 per cent Upper Circuit
The contract has been awarded by M/s ABCI-SCPL-SIPS JV and encompasses a wide range of activities.
Shares of ARSS Infrastructure Projects Ltd were locked in the upper circuit on Monday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. The stock has gained more than 9 per cent in the last twelve months.
The company has announced the receipt of a significant work order worth Rs 207,74,66,759/-
The contract has been awarded by M/s ABCI-SCPL-SIPS JV and encompasses a wide range of activities, including:
- Pairing/Butting, Guard Rail Fixing, and Flare Portion Work.
- Supply of P.Way Materials, including inspection by RDSO.
- Renewal of Rails, Sleepers, Fittings, and Turnouts.
- Deep Screening, Ballast-related Work, and Welding Activities.
- Reconditioning of Points and Crossings.
- Maintenance and Construction Activities at Sites.
- Testing of Rails and Other Components.
- Deployment of Heavy and Small Track Machines.
- Electrification of Railway Tracks and Profile Improvements.
- Provision of Automatic Switched Neutral Sections at TSS and SP.
- Installation of 02 Sub-Sectioning and Paralleling Posts (SSP).
Incorporated in 2000, ARSS Infrastructure Projects Ltd is in the business of project execution for various civil and infrastructure projects
In the Quarterly Results of September 2024, the company reported a revenue of Rs 33.66 crore, a decline of 50.62 per cent YoY and 61.21 per cent QoQ, compared to Rs 68.16 crore in September 2023 and Rs 86.78 crore in June 2024. The net profit for the quarter stood at Rs 1.18 crore, reflecting a 46.61 per cent drop YoY but a growth of 59.46 per cent QoQ from Rs 0.74 crore in June 2024. The net profit margin improved to 3.51 per cent from 0.85 per cent in the previous quarter, but it remained slightly higher compared to 3.24 per cent in September 2023.
For the full year FY24, the company reported a revenue of Rs 320.87 crore, a decline of 20.29 per cent compared to Rs 402.53 crore in FY23. The net profit improved significantly to Rs -19.05 crore, a growth of 309.63 per cent from the previous year's net loss of Rs -49.77 crore. The net profit margin for the year stood at -15.51 per cent, a worsening from the previous year’s margin of -3.02 per cent.
The stock is trading at Rs 28 with a market capitalisation of Rs 64.7.
Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.