MicroCap stock engaged in offering various services, including electrical solutions, Firefighting solutions, electrical panels, solar EPC contracts, and many more jumped 7 percent in the day’s trade upon receiving a new work order from Big Basket and Others.
Price Action
With a market capitalization of Rs. 247 Crores, the shares of Rulka Electricals Limited closed at Rs. 580.05 per equity share, up 7 percent from its previous day’s close price of Rs. 541.95.
What Happened
Rulka Electricals Limited has received multiple new work orders worth Rs. 44.56 Lakhs from multiple parties i.e., Innovative Retail Concepts Private 1 Limited (Big basket), Robinsons Global Logistics Pvt. Ltd., LP Logiscience LLP, Venkatapura Logistics and Industrial parks Private Limited, for providing electrical and fire fighting works.
About the company
Rulka Electricals Limited is an Electrical and Fire fighting solutions company. It offers various services, including electrical solutions, electrical panels, solar EPC contracts, turn-key electrical warehousing projects, electric commercial industrial services, maintenance services, electrical contracting, and data and voice cabling installation.
Its integrated operations encompass designing, supplying, installing, testing, and commissioning the project. These services cater to sectors such as industrial, commercial, retail, and theatre.
Financials and Ratios
Its revenue from operations declined by 52 percent from Rs. 46.84 Crores in FY23 to Rs. 70.98 Crores in FY24, accompanied by profits of Rs. 2.81 Crores to Rs. 6.11 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 110 percent and a return on capital employed (ROCE) of 83.5 percent. It has reported a debt-to-equity ratio of 0.83.
Written by: Bharath K.S
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