Shares of this micro-cap stock in electrical and fire-fighting solutions hit a 5 percent upper price band of Rs.480.90 per share after securing Rs.4.37 crore in orders, including from retail giant DMart for electrical and civil work.
Share Price Variation
On Tuesday, Rulka Electrical Limited‘s share price hit a 5 percent upper circuit limit of Rs.480.9 per share, up from the previous close of Rs.458 apiece.
Order Details
On 27th August, Rulka Electricals Limited secured new orders totaling Rs.4,37,68,117 from various clients for electrical, civil, and fire-fighting work.
Among these, a significant order from Avenue Supermarts Ltd. (DMart) totals Rs.48,98,369 for electrical and fire-fighting work. This substantial contract underscores DMart’s confidence in Rulka Electricals’ capabilities and highlights the importance of securing major clients in driving the company’s growth and stability.
Additionally, Rulka Electricals has secured contracts from three other entities: fire-fighting work valued at Rs.1,80,26,249 from Indospace Industrial Park Pvt. Ltd., civil work worth Rs.1,70,67,500 from Palra Estate Private Limited, and electrical work totaling Rs.37,76,000 from Runwal Construction Private Limited.
Financials
The company reports financial statements semi-annually. Rulka Electricals Ltd’s revenue from operations decreased by 5.16 percent to Rs.34.55 crore in H2FY24, down from Rs.36.43 crore in H1FY24. However, Profit After Tax (PAT) surged by 55.6 percent to Rs.3.72 crore in H2FY24, up from Rs.2.39 crore in H1FY24.
Ratio Analysis
Rulka Electricals has demonstrated strong financial performance with notable ratios. The Return on Capital Employed (ROCE) stands at 83.5 percent, while the Return on Equity (ROE) is 110 percent.
The company’s Price-to-Earnings (P/E) ratio is 33.5, which is lower than the industry average of 37.8. Additionally, the company has a solid current ratio of 1.45 and an Earnings Per Share (EPS) of Rs.17.9.
Company Profile
Rulka Electricals specializes in turnkey project solutions, offering a comprehensive range of services such as electrical contracting, solar EPC contracts, and maintenance services. The company has completed numerous projects nationwide, showcasing its capability to deliver tailored solutions across different environments.
Written by – Siddesh S Raskar
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