In the Friday session, the small-cap share fell 4.8 percent to an intraday low of Rs 20.55 following the company’s Thursday bulk deal.
According to the NSE bulk deal, the State Bank of India (SBI) sold 88,73,785 equity shares, or 2.2 percent of SEPC limited, on Thursday at a price of Rs 20.
The company has reported its net revenue increased by 135 percent year on year from Rs 54.9 crores in Q2FY23 to Rs 129.18 crores in Q2FY24. On a sequential basis, their revenue decreased 9.8 percent from Rs 143 crore in Q1FY24 to current levels.
In addition, the company’s net profit fell by 86 percent year on year, from Rs 42.2 crores in Q2FY23 to Rs 5.65 crores in Q2FY24. On a quarter-on-quarter basis, their revenue rose 14.6 percent from Rs 4.93 crore in Q1FY24 to current levels.
The company’s promoters hold a 27.7 percent stake in the company, with 0.3 percent owned by foreign institutional investors, 34.3 percent owned by the general public, and 37.5 percent owned by domestic institutional investors.
SEPC Ltd has a low debt-to-equity ratio of 0.37, and the company is expected to give a good return in the quarter because its net profit margin is higher than the historical three-year NPM margin.
SEPC Limited is a small-cap company with a market capitalization of Rs 10,356 crores. The share price of SEPC Limited has increased by 109 percent in the last six months and 160 percent in the year to date. For instance, if an investor invested Rs 1 lakh a year to date the current value will be 2.6 lakhs.
Shriram EPC Ltd (SEPC) is a market leader in integrated design, engineering, procurement, construction, and project management services for water and waste-water treatment plants, water infrastructure, process and metallurgy plants, power plants, and mines and mineral processing.
Written by Sriram KV
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