A micro-cap stock has recently garnered attention after securing multiple orders totaling Rs.11.06 crore for electrical and upgradation work. This significant development underscores the company’s expanding footprint in the infrastructure sector, reflecting its growing capabilities and market confidence.
Share Price Variation
On Wednesday, shares of Rulka Electrical Limited settled at Rs.177.70 each, marking a slight decline from the previous close of Rs.181.30. However, the stock could see upward movement at Friday’s opening following the announcement of fresh order wins.
Order Details
Rulka Electricals Ltd has secured multiple contracts for executing a range of electrical, fire safety systems, diesel generator (DG), and facility upgrade works across several warehouses and industrial sites in India. These projects span key states including Karnataka, Gujarat, Maharashtra, Telangana, and Goa. Among these, Karnataka, especially the Paduvanahalli region near Bangalore, emerges as the primary hub, witnessing the highest concentration of work.
The cumulative value of these projects stands at approximately Rs.11.06 crores, reflecting the company’s growing presence and demand in infrastructure development across diverse geographies.
| Sr No. | Segment | Location | Description | Amount (Rs.) |
| 1 | Warehouse | Shoukya – Bangalore | Electrical Work | 70,72,210 |
| 2 | Warehouse | Paduvanahalli – Karnataka | Electrical Work | 2,01,53,615 |
| 3 | Warehouse | Paduvanahalli – Karnataka | Electrical Work | 1,51,86,600 |
| 4 | Warehouse | Paduvanahalli – Karnataka | Electrical Work | 43,94,694 |
| 5 | Warehouse | Paduvanahalli – Karnataka | Electrical Work | 2,21,36,149 |
| 6 | Warehouse | Sanand – Gujarat | Electrical Work | 15,07,922 |
| 7 | Warehouse | Sanand – Gujarat | Electrical Work | 6,45,543 |
| 8 | Warehouse | Chakan – Maharashtra | Dg Work | 41,30,000 |
| 9 | Warehouse | Verna – Goa | Upgradation Work | 46,07,689 |
| 10 | Warehouse | Bangalore – Karnataka | Dg Work | 1,77,000 |
| 11 | Warehouse | Thoranali – Karnataka | Electrical Work | 1,35,78,874 |
| 12 | Warehouse | Padgha – Maharashtra | Fire System Work | 7,06,055 |
| 13 | Warehouse | Padgha – Maharashtra | Electrical Work | 36,57,240 |
| 14 | Warehouse | Hyderabad – Telangana | Fire System Work | 35,35,193 |
| 15 | Warehouse | Hyderabad – Telangana | Electrical Work | 5,22,178 |
| 16 | Warehouse | Bhiwandi – Maharashtra | Lps Work | 28,99,999 |
| 17 | Theatre | Thane – Maharashtra | Electrical Work | 57,23,557 |
Financial Performance
In Q3 FY25, Rulka Electricals Ltd reported a consolidated revenue of Rs.29.69 crores, reflecting a decline of 18.50 percent from Rs.36.43 crores in Q3 FY24. Net profit also dropped significantly by 60.67 percent year-on-year, falling to Rs.0.94 crores from Rs.2.39 crores in the same quarter of the previous year.
Ratio Analysis
The company has a Return on Capital Employed (ROCE) of 16.73 percent and a Return on Equity (ROE) of 14.19 percent. Its Price-to-Earnings (P/E) ratio stands at 12.38, way lower than the industry average of 34.57. Furthermore, the company maintains a current ratio of 3.33, a debt-to-equity ratio of 0.23, and an Earnings Per Share (EPS) of Rs.14.35.
Written by – Siddesh S Raskar
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