One of the Micro-Cap electrical stocks specialises in electrical and fire-fighting turnkey projects has jumped by 4.99 percent at the opening bell of the stock market. The company has received a new order from various clients amounting to Rs. 1.52 crore.
Stock Movement
With a market capitalization of Rs. 156.11 crore, the shares of Rulka Electricals Limited were opened at an intraday high of Rs. 375.40 per equity share, rising nearly around 4.99 percent from its previous day’s close price of Rs. 357.55. The stock is currently trading at Rs 366.60 per equity share.
What Happened
On Thursday’s trading section, Rulka Electricals Limited confirmed new orders from various clients amounting to Rs. 1.52 crore, which includes the four electrical work orders in different locations across India. The largest project is in Bhiwandi (Rs. 63.72 lakhs) and Kurla (Rs. 49.25 lakhs), followed by Taloja (Rs. 37.66 lakhs), and a smaller LPDB electrical work in Goa (Rs. 1.64 lakhs).
The total value of all electrical works amounts to ₹1,52,26,509. These appear to be construction or infrastructure electrical contracts in different segments. Rulka Electricals Limited plans to fulfill the aforementioned new orders by the end of this financial year.
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Financial analysis and ratios
Rulka Electricals Limited’s revenue has increased from Rs 46.84 crore in FY23 to Rs. 70.98 crore in FY24, which has grown by 51.54%. The revenue of the company has grown at a CAGR of 52.55% over the last three years.
Rulka Electricals Limited’s net profit has increased by 119%, from Rs. 2.79 crore in FY23 to Rs. 6.11 crore in FY24. The net profit has grown at a CAGR of 81.71% over the last three years.
In terms of return ratios, the company’s ROCE and ROE should be 62.9% and 50.6%, respectively. The debt-to-equity ratio of the company is to be 0.83x, and EPS is to be Rs. 17.9.
About the company
Rulka Electricals Limited was established in 2013 as a private firm and transformed into a public company in August 2023. The company specializes in electrical and fire-fighting turnkey projects across India. They deliver integrated solutions for the design, supply, installation, and commissioning of various projects. The company’s expertise spans warehouses, retail stores, theaters, hospitals, and hospitality sectors.
The company provides comprehensive electrical services, including panel installations, solar EPC contracts, and data cabling for industrial clients. They focus on quality execution and timely project delivery with complete documentation. Rulka’s maintenance services and electrical contracting capabilities make them a reliable partner for commercial and industrial sectors.
Written By – Nikhil Naik
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