In the Tuesday session, the small-cap share fell 5 percent to an intraday low of Rs 19.29 following the company’s Friday bulk deal.
State Bank of India (SBI) sold 2,99,15,588 equity shares, or 2.18 percent of the company, between November 11, 2023, and November 23, 2023, according to the NSE bulk deal. On Friday SBI also sold 93,85,452 equity shares at a price of Rs 20.17 each.
The company has reported its net revenue increased by 119 percent year on year from Rs 54.9 crores in Q2FY23 to Rs 129.18 crores in Q2FY24. On a sequential basis, their revenue decreased 9.6 percent from Rs 143 crore in Q1FY24 to Rs 129 crore in Q2FY24.
In addition, SEPC Ltd’s net profit fell by 86 percent year on year, from Rs 42.2 crores in Q2FY23 to Rs 5.65 crores in Q2FY24. On a quarter-on-quarter basis, their revenue rose 14.6 percent from Rs 4.93 crore in Q1FY24 to Rs 5.65 crore in Q2FY24.
The public owns 34.3 percent of the company, institutional investors from domestic markets own 37.5 percent, and the company’s promoters own 27.7 percent of the company. Foreign institutional investors own 0.3 percent of the company.
Since SEPC Ltd.’s net profit margin is higher than the historical three-year NPM margin, the company is expected to provide a strong return for the quarter. It also boasts a low debt-to-equity ratio of 0.37.
SEPC Limited is a small-cap company with a market capitalization of Rs 2,718.97 crores. The share price of SEPC Limited has increased by 113 percent in the last six months and 139 percent in the year to date. For instance, if an investor invested Rs 1 lakh a year to date the current value will be 2.39 lakhs.
SEPC Ltd is a market leader in integrated design, engineering, procurement, construction, and project management services for water and waste-water treatment plants, water infrastructure, process and metallurgy plants, power plants, and mines and mineral processing.
Written by Abhishek Singh
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