Shares of this engineering company clocked 5 percent upper circuit in Thursday’s trading session after receiving a work order for the AI Centre in n Dubai. The shares have delivered around a 40 percent return to its shareholders in six months.
With a market capitalization of Rs. 2,454 crores, the shares of SEPC Ltd closed ₹.17.4 compared to its previous close of Rs. 16.50. During the trading session, the shares locked in a 5 percent upper circuit at Rs. 17.4 apiece.
Such a bullish movement in the share price was observed after the company in an exchange filing announced that the Shriram EPC FZE, a wholly-owned subsidiary of SPEC had received a work order for design, engineering, procurement, supply, erection, commissioning and performance testing of Artificial Intelligence Centre called “Experience Centre” in Dubai, UAE.
The value of the contract is AED 20,050,000,( i.e., approx Rs. 45.36 crores), which is to be completed within 9 months from the date of signing of the contract.
Coming onto the company’s financial statements, the revenue increased by 9 percent from Rs. 29.18 crores during the September quarter to Rs. 140.70 crores in the December quarter. On a contrasting note, the net profits decreased by 2 percent from Rs. 5.65 crores to Rs. 5.53 crores during the same period.
Comparing these metrics on a YoY basis, the revenue zoomed by 15 percent from Rs. 122.45 crores during Q3FY23 to Rs. 140.70 crores in Q3FY24. In addition, the net profits magnified by 42 percent from Rs. 3.89 crores to Rs. 5.53 crores during the same timeframe.
As of 31 March 2023, the order book of SEPC Ltd stood at Rs. 1,143 crores and further during the year the company had won orders worth Rs. 324 crores.
The company is focused on providing turnkey solutions in Process and Metallurgy, Power, Water Infrastructure, Mining and Mineral Processing. SEPC is a high-end engineering services company providing EPC and turnkey solutions.
According to the latest shareholding pattern, the Promoters hold a 27.75 percent stake in the company, DIIs have 26.58 percent shares, FIIs have a minimal stake of 0.42 percent and the remaining majority stake of 45.24 percent are with the Retail Investors or General Public.
Headquartered in Chennai, SEPC Ltd was incorporated in 2000. The company provides end-to-end solutions to engineering challenges offering multi-disciplinary design, engineering, procurement, construction and project management services.
Written By Vaibhav Patil
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
