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Listed below are some of the microcap stocks that soared upto 9 percent in the day’s trade upon individually receiving work orders of upto Rs. 8 Crores thereby increasing its operations and growth

Nirman Agri Genetics

About the company 

Nirman Agri Genetics Limited is engaged in the business of production, processing, and marketing of high-quality hybrid seeds, Pesticides, micronutrients, and Bio-organics for different varieties of crops. 

Price Action 

With a market capitalization of Rs. 257 Crores, the shares of Nirman Agri Genetics Limited were trading at Rs. 439.05 per equity share, i.e an upper circuit of 5%.

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What Happened 

Nirman Agri Genetics Limited has received a new purchase order from Hsin Seeds Thailand for a consideration of Rs. 7.53 Crores for the supply of various varieties of Agricultural seeds. This will benefit it to expand its reach across the borders. 

Financials and Ratios 

Its revenue from operations grew by 63 percent from Rs. 29 Crores in FY23 to Rs. 63 Crores in FY24, accompanied by profits of Rs. 4 Crores to Rs. 10 Crores. 

In terms of Return ratios, it has reported a return on equity (ROE) of 32.4 percent, and a return on capital employed (ROCE) of 33.2 percent. It has reported a debt-to-equity ratio of 0.20.

Rulka Electricals 

About the company 

Rulka Electricals Limited is an Electrical and Fire fighting solutions company. It offers various services, including electrical solutions, electrical panels, solar EPC contracts, turn-key electrical warehousing projects, electric commercial industrial services, maintenance services, electrical contracting, and data and voice cabling installation. 

Its integrated operations encompass designing, supplying, installing, testing, and commissioning the project. These services cater to sectors such as industrial, commercial, retail, and theatre. 

Price Action 

With a market capitalization of Rs. 238 Crores, the shares of Rulka Electricals Limited were trading at Rs. 561.15 per equity share, up 1.26 percent from its previous day’s close. The stock made an intraday high of Rs. 603, up 9% price.

What Happened 

Rulka Electricals Limited has received a new work order from various parties i.e., Palra Estate Private Limited, Palava Induslogic, Indospace Industrial Park, and Avenue Supermarts Limited for a consideration of Rs. 2.7 Crores for providing Electrical, Civil and Fire Fighting services. 

Financials and Ratios 

Its revenue from operations grew by 52 percent from Rs. 46.84 Crores in FY23 to Rs. 70.98 Crores in FY24, accompanied by profits of Rs. 2.81 Crores to Rs. 6.11 Crores. 

In terms of Return ratios, it has reported a return on equity (ROE) of 110 percent, and a return on capital employed (ROCE) of 83.5 percent. It has reported a debt-to-equity ratio of 0.83. 

Written by: Bharath K.S

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