In Tuesday’s trading session, the shares of one of the leading Infrastructure stock specialised in providing mechanical solutions and electrical services jumped upto 10 percent after receiving work order from Powerica Limited.
Price action
With a market capitalization of 293.14 Crores on Tuesday, the shares of Lakshya Powertech Ltd jumps upto 10 percent after making a high of Rs 320 compared to its previous closing price of Rs 290.70.
What happened
Lakshya Powertech Ltd has received a new domestic work order worth Rs 2.81 Crores from Powerica Limited for Supply, Installation, Testing and Commissioning of HSD bulk oil storage tanks with required support and accessories for Nxtra Data Centre and the order is to be completed within three months.
The work order is significant as it aligns with the company’s ongoing efforts to expand its infrastructure capabilities.
About the company
Lakshya Powertech Ltd one of the leading Infrastructure stock specialised in providing engineering, procurement and construction (EPC) services in the power and infrastructure sectors.
They focus on delivering solutions for power transmission & distribution, renewable energy, and industrial projects, and also help in designing, commissioning, and maintaining power systems.
The company caters to sectors like Oil and Gas, Power, Renewable Energy, and Industrial sectors, delivering services through four divisions: Engineering, Procurement, Construction & Commissioning (EPCC), Integrated Operation & Maintenance (IOM), Special Services, and Trading of Spare Parts.
Shareholding’s Pattern
The shareholding pattern of Lakshya Powertech Limited is as follows: the promoters hold a significant majority stake of 69.22 percent, Foreign Institutional Investors (FIIs) own 5.47 percent, while Domestic Institutional Investors (DIIs) hold 1.38 percent and the remaining 23.93 percent is held by the public.
Financials
The company’s revenue rose by 4.6 percent from Rs 64 crore to Rs 67 crore in H1FY24-25. Meanwhile, Net profit rose from Rs 4 crores to Rs 7 crore during the same period.
Key Financial ratios
Lakshya Powertech Ltd has an impressive Return on Equity (RoE) of 44.72 percent and a Return on Capital Employed (RoCE) of 38.67 percent. Furthermore, the company’s debt-to-equity ratio is 0.72.
Written by Sridhar J
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