A micro-cap company specializing in electrical, mechanical, and instrumentation engineering has reached the upper circuit of 5 percent in the day’s trade for receiving a new work order, enhancing its business operations.
With the market capitalization of Rs. 196 crores, the shares of Power and Instrumentation (Gujarat) Ltd are currently trading at 117.97, reaching the daily upper circuit of 5 percent.
Work Order
Nyati Engineering & Construction Private Limited has given the company an order to design, supply, install, test, and commission cable tray and ELV raceway work at the Udaipur Air Terminal in Rajasthan. The deal is worth Rs. 2.59 Crores inclusive of GST, and it should be finished within a period of 6 months.
About the Company & Others
The Power & Instrumentation (Gujarat) Ltd (PIGL) was founded in 1975, offering end-to-end Engineering, Procurement, and Construction (EPC) solutions.It has installed more than 20,000 km of HT and LT lines, electrified over 1 lakh BPL households and completed more than 35 airport projects. LIC, BSNL, IOL, HAL, and many more are the most important clients of the company.
It has a strong industry presence with service offerings including Electrical EPC Services, Turnkey projects, specialized lighting solutions, Solar & energy storage solutions and many others. It has ongoing work of Rs. 400+ Crores with Rs. 500+ Crores in Bidded Tenders
The company’s revenue for FY2024–2025 increased 73 percent year over year from 97.48 crores to Rs. 168.8 crores. The net profit doubles, rising from 5.88 crores to Rs. 11.75 crores.
At the moment, the company’s P/E ratio is 17.6x as compared to its industry P/E 45.2x, and its ROE and ROCE are 14.5% and 19.8%, respectively. The D/E ratio drops from 0.28 times to 0.16 times as a result of the company’s debt being drastically reduced.
Written by Akshay Sanghavi
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