The Sensex and Nifty had their strongest week of 2024, surging over 2 percent on June 7 as government formation drew nearer. The NSE Nifty 50 gained 468.75 points or 2.05 percent to finish the day’s trading at 23,290.15, while the BSE Sensex reached an all-time high at 76,795 in Friday’s trading session and closed the day at 76,693.36.
Listed below are companies whose market capitalization is less than 1,000 crores and have an order book of upto Rs. 1,150 crores:
South West Pinnacle Exploration Ltd
With a market capitalization of Rs. 300 crores, the shares of the company in the business of drilling and exploration of coal and minerals started Friday’s trading session on a higher note at Rs. 110.10 compared to its previous close of Rs. 106.25. During the trading session, the shares hit a high of Rs. 114.85, gaining around 3 percent and closed the day at Rs. 108.75 apiece.
Looking at the company’s financial statements, the revenue increased by around 7 percent from Rs. 42.15 crores during the December quarter to Rs. 45 crores in the March quarter. On the other hand, the net profits decreased by 33 percent from Rs. 4.20 crores to Rs. 2.80 crores during the same timeframe.
As per the latest data, the company has an order book of Rs. 222 crores. Further, the company expects the core exploration service business to continue to grow at 20 to 25 percent per annum over the near to medium term.
The company owns 36 state-of-the-art drive Hydrostatic drilling rigs with the capability to drill up to a depth of 2,500 meters in all domains and three 2D/3D Digital Seismic Recording systems with 8,500 channels and 7 Vibrosis to conduct Land Seismic surveys for Coal, Oil & Gas.
Headquartered in Gurgaon, South West Pinnacle Exploration was incorporated in 2006. The company is in the business of drilling and exploration of coal, minerals and coal-bed methane. The company’s client base includes various organizations and government agencies involved in the exploration and mining sectors.
Konstelec Engineers Ltd
With a market capitalization of Rs. 269 crores, the shares of the infrastructure company started Friday’s trading session on a flatter note at Rs. 182 compared to its previous close of Rs. 181.40. During the trading session, the shares hit a low of Rs. 178, losing around 2 percent and closed the day at Rs. 180.95 apiece.
Coming onto the company’s financial statements, the revenue zoomed by 41 percent from Rs. 153 crores during FY22-23 to Rs. 215 crores in FY23-24. In addition, the net profits increased by 13 percent from Rs. 8 crores to Rs. 9 crores during the same period.
As per the latest data, Konstelec Engineers Limited has a robust order book worth Rs. 614 crores in order value, currently in various implementation phases. Out of this, orders worth Rs. 254 crores have already been executed, while orders worth Rs. 360 crores are in the process of being executed.
Furthermore, the company also announced that it secured new orders worth Rs. 20 crores in the first two months of FY24-25. Additionally, in the past few months, the company has also participated in multiple tenders with a cumulative value of Rs. 530 crores.
Moreover, the company has won orders from marquee clients, including MSPL Limited, Jawaharlal Nehru Port Authority, Indian Farmers Fertiliser Cooperative Limited, Prodair Air Products India Limited, Deepak Chem Tech Ltd, Kansai Nerolac Paints Limited, The Supreme Industries Limited, Jindal Ferrous Limited and Ultratech Cement Limited.
Incorporated in 1995, Konstelec Engineers is in the business of Engineering, Procurement, and Construction/ Commissioning (EPC) contractors and is engaged in the business of offering a full range of EPC services in India and abroad.
Brahmaputra Infrastructure Ltd
With a market capitalization of Rs. 250 crores, the shares of the infrastructure company started on a higher note at Rs. 86.50 compared to its previous close of Rs. 85.23. During the trading session, the shares hit a low of Rs. 83.75, losing around 1 percent and closed the day at Rs. 84 apiece.
Looking at the company’s financial performance, the revenue increased by 2 percent from Rs. 52.89 crores during the December quarter to Rs. 54.01 crores in the March quarter. On a contrasting note, the net profits decreased around 15 percent from Rs. 5.27 crores to Rs. 4.49 crores during the same timeframe.
As of May 2024, The order book of Brahmaputra Infrastructure Ltd was approximately Rs. 1,150 crores. Furthermore, the company has a strong foothold in diverse infrastructure sectors, including bridges, flyovers, highways, airports, buildings, tunnels, and mining projects, with a focus on EPC and real estate development business.
Moreover, the infrastructure company is focusing on expanding its presence and executing diverse infrastructure projects and aims to continue its growth trajectory by undertaking new projects and ventures in the infrastructure sector.
Headquartered in New Delhi, Brahmaputra Infrastructure was incorporated in 1998. The company is into EPC and Real Estate Development Business and handles various projects like the Construction of Bridges, Flyovers, Highways, Airport, Building Construction, Tunnel projects, and Mining projects.
Written By Vaibhav Patil
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