The shares of the infrastructure company gained up to 1.2 Percent after the company received two significant work orders from domestic clients for Rs 19.55 crore.
Price movement
With a market capitalization of Rs 97.26 crore, the shares of H.M. Electro Mech Ltd were trading at Rs 71.00 per share, increasing around 0.14 percent as compared to the previous closing price of Rs 71.10 apiece.
Reason for Rise
H.M. Electro Mech Ltd shares rose after securing two significant work orders worth Rs19.55 crore from existing customers. The orders include MS pipes, internal lining, and executing an Elevated Service Reservoir at Telav HW and Nana Viramgam, along with material supply.
Financial condition
Looking forward to the company’s financial performance, revenue climbed by 16 percent from Rs 101 crore in FY22-23 to Rs 117 crore in FY23-24 but during the same time, net profit magnified by 33 percent from Rs 6 crore to Rs 8 crore.
Partnership
H.M. Electro Mech claims to have strong partnerships with leading manufacturers and original equipment manufacturers (OEMs), enabling it to procure materials and equipment at competitive prices and ensure timely delivery for projects.
Ongoing Project
As of September 30, 2024, the company claims to have 37 ongoing projects, valued at Rs 410.34 crore, which include engineering, procurement, and construction (EPC) and operations and maintenance (O&M) components. The company has completed 16 projects since its incorporation in 2018.
Order Book
The company’s ongoing major projects have an order book of Rs 41,034.41 lakh, with Rs 18,302.36 lahks yet to be booked. Since April 1, 2023, it has secured orders worth Rs 14,999.11 lakh, accounting for 36.55% of the total order book, reflecting strong project acquisition momentum.
IPO Detail
H.M. Electro Mech Ltd recently debuted on the exchange with an IPO. The bidding period was from January 24-28, 2025, with a price range of Rs 71-Rs 75 per share. The IPO had a lot size of 1,600 shares, requiring a minimum investment of Rs 1,13,600, raising Rs 27.74 crore.
Company Profile
HM Electro Mech Limited is engaged in engineering and construction projects, with a focus on turnkey solutions for water supply and wastewater treatment. The company’s services include the supply, installation, testing, and commissioning of pumping machinery and related equipment.
Written by Abhishek Singh
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