The shares of the mid-cap stock hit 5 percent upper circuit of Rs 562.05 apiece after the company received a new order from multiple clients which is valued at Rs 2.49 crore.
With a market capitalization of Rs 239.34 per share, the shares of Rulka Electricals Limited closed in green at Rs 562.05 per share, increasing around 5 percent as compared to the previous closing price of Rs 535.30 apiece. The stock of the company was listed on the National Stock Exchange (NSE) on May 2024
Matter explanation:-
Today, the company shares have seen bullish movement after Rulka Electricals Limited received a new order worth Rs 2.49 crore from multiple clients, including Plara Estate Pvt Ltd for civil work worth Rs 2.19 crore, Rohan Landscape Pvt Ltd for electrical work worth Rs 16.27 lakhs, and Indospace as Industrial Park Pvt Ltd for electrical work worth Rs 13.44 lakh.
Financial Analysis and IPO Rationale:-
Looking into the company’s financial performance, revenue decreased by 5 percent from Rs 36.43 crore in H1FY24 to Rs 34.55 crore in H2FY24, but during the same time frame, net profit magnified by 55 percent from Rs 2.39 crore to Rs 3.72 crore.
Turnkey Projects, which encompass engineering, design, and consulting services as well as materials and labor, account for 100% of the company’s income. The company came up with an IPO via a fresh issue with the objective of meeting working capital requirements, general corporate purpose, and more.
Ratio analysis:-
The company’s critical ratios show that the return on equity decreased from 50.33 percent in FY22-23 to 45.92 percent in FY23-24, while the return on capital employed increased from 56.10 percent to 55.71 percent. The net profit margin (NPM) for fiscal year 23-24 is 8.60 percent.
Company profile:-
Rulka Electricals Limite provides a range of electrical services, including solutions, panels, solar EPC contracts, turnkey warehouse projects, commercial industrial services, maintenance, contracting, and data/voice cabling installation.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
