The shares of the project management services provider gained up to 7 percent after the company received the receipt of an Authorisation Letter to set up 2nd Generation Compressed BioGas (2G CBG) plants.
With a market capitalization of Rs 2,959.20 crore, the shares of SEPC Ltd were trading at Rs 20.95 per share, increasing around 4.55 percent as compared to the previous closing of Rs 19.99 apiece.
According to the exchange filing, SEPC Ltd received the receipt of an authorization letter from Primove Engineering Pvt. Ltd to set up 2nd Generation Compressed BioGas (2G CBG) plants based on Primove’s patented AgroGaz technology and canvass businesses for the same in India.
Looking into SEPC Ltd’s performance, revenue increased by 14 percent from Rs 122.45 Crore in Q3FY23 to Rs 140.70 Crore in Q3FY24. During the same duration, net profit increased by 42 percent from Rs 3.89 crore to Rs 5.53 crore.
SEPC Ltd’s order book was at Rs. 1,143 crores as of 31 March 2023, with the business winning orders totaling Rs. 324 crores throughout the year.
The stock has delivered returns of 17.28 percent in the last six months and a multi-bagger return of 109.55 percent in a year. A shareholder’s investment of Rs. 1 Lakh in the company would be worth Rs. 2.09 Lakh in a year.
The firm specializes in delivering comprehensive solutions for process and metallurgy, power, water infrastructure, mining, and mineral processing. SEPC is a high-end engineering services firm that offers EPC and turnkey solutions.
According to the most recent ownership pattern, the Promoters own 27.75 percent of the firm, DIIs own 26.58 percent, FIIs own 0.42%, and the rest 45.24 percent is owned by Retail Investors or the general public.
SEPC specializes in executing EPC contracts, offering comprehensive solutions that include design, engineering, procurement, construction, and project management services in the water, process metallurgy, and infrastructure sectors.
Written by:- Abhishek Singh
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