Microcap stock engaged in the business of designing and constructing civil and defence infrastructures jumped 7 percent in the day’s trade, upon receiving a prestigious work order worth Rs. 39.50 Crores.
At 2:53 p.m the shares of Rkec Projects Limited were trading at Rs. 84.55, up 6.89 percent from its previous day’s close price of Rs. 79.10 and its market capitalization is Rs. 202 Crores.
Rkec Projects Limited has been awarded a prestigious work order worth Rs. 39.50 Crores for performing CSA works at HPPL Haldia DT & Panagarh RT.
RKEC Limited is engaged in the business of designing and constructing civil and defence buildings, highways, bridges, airports, oil and gas pipelines, complexes, marine works, and many more.
Its revenue from operations grew by 42.53 percent from Rs. 210.72 Crores in FY22 to Rs. 300.34 Crores in FY23, accompanied by increasing profits of Rs. 7.12 Crore to Rs. 12.26 Crore.
It has reported a return on equity (ROE) of 11.9 percent and a return on capital employed (ROCE) of 18.9 percent, it is making decent returns on its equity and capital employed, as it has not been able to generate consistent profits.
Written by: Bharath K.S
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