Microcap stock engaged in providing event experiences, event services, and technology-based specialized turnkey event assignments, jumped 18 percent in the day’s trade upon receiving a work order from the Indian Government worth Rs. 176 Crores.
Price Action
With a market capitalization of Rs. 332 Crores, the shares of E Factor Experiences Limited were trading at Rs. 254 per equity share, up 14 percent from its previous day’s close price of Rs. 223.
What Happened
E Factor Experiences Limited has announced that in consortium with TATA Consulting Engineers Limited’s subsidiary Eco First Services Limited has received a prestigious work order from the Indira Gandhi National Centre for the Arts, Ministry of Culture.
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The said work order is for the Engineering, Procurement, and Construction (EPC) of the Indian Pavilion at World Expo 2025, to be held in Osaka, for a consideration of Rs. 176.09 Crores, and it should be executed by October 2025.
About the Company
E Factor Experiences Limited is engaged in providing event experiences, event services, technology-based permanent & semi-permanent multimedia light & sound installations, and specialized turnkey event assignments, wedding management, and private and social event solutions.
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Financials & Ratios
Its Revenue from operations grew by 25 percent YoY from Rs. 119 Crores in FY23 to Rs. 149 Crores in FY24, accompanied by profits of Rs. 7 Crores to Rs. 15 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 50 percent and a return on capital employed (ROCE) of 58 percent. It has reported a debt-to-equity ratio of 0.07.
Written by: Bharath K.S
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