This microcap stock which is a leading provider of integrated electrical and firefighting services, in focus today after it announced winning new work orders totalling Rs. 10.53 Crore from an MNC realty client.
Price Action
With a market capitalization of Rs. 110.44 cr, the shares of Rulka Electricals Ltd. were trading at Rs. 260.90 per equity share, up nearly 1 per cent from its previous day’s close price of Rs. 259.35 per equity share.
What Happened
Rulka Electricals Limited has announced securing new work orders worth ₹10.53 crore from an MNC realty client. The orders include Electrical Infra Works such as HT, LT, Ancillary, Fire Detection, Lighting Protection Systems, and CCTV Works across two project locations in Bangalore and Pune. These projects are expected to generate revenue over the next three quarters, with the company’s total order book now standing at ₹65 crore.
The Bangalore project, valued at ₹6.34 crore, covers Electrical, Fire Detection, Lighting Protection Systems, and CCTV Works for blocks B & C, as well as Infra Works for the common area of a 60-acre Phase-1 project. The Pune project, worth ₹4.19 crore, involves Infra Electrical Works, including HT, LT, Ancillary, and Lighting Protection Systems for the common infrastructure of a 56-acre Phase-1 development.
About the Company
Based in Mumbai, Rulka Electricals Limited (REL) offers a comprehensive range of electrical services across India. These include electrical panel installations, firefighting systems, solar EPC contracts, and turnkey electrical warehousing projects.
The company also specializes in maintenance services and data & voice cabling, earning recognition for its expertise in electrical and firefighting contracting for projects of all sizes.
REL serves a diverse client base across industrial, commercial, retail, warehousing, and entertainment sectors. Listed on the NSE Emerge platform, REL became a publicly traded company in May 2024.
Financials
RULKA has reported an 18 percent fall in revenue of Rs 36.45 cr in H1FY24 to Rs 29.85 cr in H1FY25. This was also accompanied by an almost 70 percent fall in net profit from Rs. 3.06 cr to Rs. 0.94 cr.
In terms of return ratios, it has reported a return on equity (ROE) of 14.19 percent and a return on capital employed (ROCE) of 16.73 percent. In terms of liquidity ratios, the company reported a debt-to-equity ratio of 0.23.
Written by Shwetha Sairam
