The shares of this microcap company surged around 4 percent in Tuesday’s trading session after receiving an order worth Rs. 34.27 lakhs from DMart.
Price Movement:
With a market capitalization of Rs. 209.51 crores, the shares of Rulka Electricals Ltd started Tuesday’s trading session on a higher note at Rs. 490 compared to its previous close of Rs. 475. During the trading session, the shares hit a high of Rs. 494, gaining around 4 percent and are currently trading at Rs. 493 apiece.
What Happened:
Such a positive movement in the share price was observed after the company in an exchange filing announced that it had received new orders totalling over Rs. 49 lakhs. This includes a Rs. 34.27 lakh order from DMart for Low Voltage work (FAPA) and a Rs. 15.50 lakh order from Runwal Construction Pvt Ltd for Fire Fighting work.
Financials:
Looking at the company’s financial statements, the revenue decreased by around 5 percent from Rs. 36.43 crores during H1FY24 to Rs. 34.55 crores in H2FY24. Contrastingly, the net profits zoomed by 57 percent from Rs. 2.39 crores to Rs. 3.72 crores during the same timeframe.
Important Financial Ratios:
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 45.92 percent and a return on capital employed (RoCE) of 55.71 percent for the period spanning FY23-24. Furthermore, the net profit margin during FY23-24 was 8.60 percent.
Customer Base:
Rulka Electricals Ltd serves a diverse customer base primarily in the B2B sector, focusing on electrical and fire-fighting solutions. Further, the company has a long-term relationship with clients like Dmart, Oberoi Hotels, Reliance Retail, Radisson Group, Welspun One Logistics, Mastek, Indospace, Inox, etc.
Future Plan:
Rulka Electricals is focusing on mega orders in the coming years. It has expanded its horizons with PA systems, CCTV Servicing, Audio-Video systems, IT Networking, Solar System Services, and Security systems.
Company Profile:
Rulka Electricals Ltd, established in 2004, specializes in providing comprehensive electrical and fire-fighting solutions primarily for B2B clients. The company offers a wide array of services including consultancy, design, supply, installation, testing, and commissioning of electrical systems, as well as maintenance services.
Written By Vaibhav Patil
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