This Midcap Engineering stock which deals in engineering consultancy firms that specialize in electrical and mechanical services is up by 3 percent in the day’s trade after the company received an order from Powerica for DG installation worth Rs. 1.54 crore.
Price Action
With a market capitalization of Rs. 261.68 Crores, the shares of Lakshya Powertech Limited were up by 3 percent in the day’s trade touching a day’s high of Rs. 264 per share. The stock reiterated from the day’s high and was trading at Rs. 259.50 per share which is 1.59 percent higher from the previous closing price of Rs. 255.45 apiece.
What Happened
The company received an order from Powerica worth Rs. 1.54 crore to supply erection material and its installation of 6 x 2500 KVA DG set at Nxtra Data Limited in Thane. The Delivery is expected to be completed within 4 months.
About the Company
Lakshya Powertech Limited was established in 2012 and specializes in engineering consultancy and contracting services. They focus on mechanical and electrical solutions. The company has expanded its offerings to include Engineering, Procurement, and Construction (EPC) services for the oil and gas, power generation, and renewable energy sectors.
Their business model focuses on project execution, operations and maintenance (O&M), and comprehensive support across diverse energy projects. Lakshya aims to improve efficiency in energy production while maintaining high safety standards. They have completed over 138 projects, demonstrating its capability and market presence.
Products and services
They offer a range of services primarily in the energy sector. The company’s key offerings include Engineering, Procurement, Construction, and Commissioning services which are tailored for oil and gas, power generation, and renewable energy projects.
They also provide Integrated Operation and Maintenance services to ensure the efficiency of installations. Additionally, they specialize in the fabrication and manufacturing of engineering equipment, including pressure vessels and heat exchangers.
Financials & Ratios
Its Revenue from operations grew by 4.68 percent year on year from Rs. 64 Crores in H1FY24 to Rs. 67 Crores in H1FY25, accompanied by profits of Rs. 4 Crores to Rs. 7 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 79.48 percent and a return on capital employed (ROCE) of 54.99 percent. It has reported a debt-to-equity ratio of 1.13.
Shareholding Pattern
As of September 2024, the shareholding pattern with promoters stake holding a share of 69.22 percent in Lakshya Powertech, Foreign Institutional Investors (FII) holdings stood at 5.47 percent, Domestic Institutional investors (DII) standing at 5.69 percent and public holdings standing at 19.62 percent.
Written by Santhosh S
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