Microcap stock jumps 3% after receiving orders for electrical work projects
Microcap stock jumps 3% after receiving orders for electrical work projects
One of the micro-cap stocks engaged in electrical and firefighting turnkey projects has jumped 3.11 percent after receiving a total order worth Rs. 3.95 crore from ten projects across India.
Stock Price Movement:
With a market capitalization of Rs. 133.71 crore, the shares of Rulka Electricals Limited were opened at an intraday high of Rs. 316.75 per equity share, rising nearly around 3.11 percent from its previous day’s close price of Rs. 307.20. The stock is currently trading at Rs. 314 per equity share.
What Happened
Rulka Electricals Limited has announced new orders worth Rs. 3,94,65,749 across ten projects in various locations in India. The company aims to complete these projects within this financial year.
The order includes electrical works at warehouses and residential sites in Maharashtra (Rs. 56.87 lahks), Telangana (Rs. 81.92 lahks), Andhra Pradesh (Rs. 93.73 lahks), and Haryana (Rs. 1.62 crores), along with fire safety systems worth Rs. 20.33 lakhs.
Service Offering:
Rulka Electricals offers a diverse range of services, including the design, installation, and commissioning of electrical systems, as well as tailored fire safety solutions. The company specializes in solar EPC contracts and turnkey projects, providing end-to-end management.
Additionally, it delivers maintenance services and data-voice cabling installations, ensuring seamless telecommunications infrastructure and system efficiency.
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Financial Analysis and Ratios
Rulka Electricals Limited increased its revenue from Rs. 46.84 crore in FY23 to Rs. 70.98 crore in FY24, achieving a 51.54% growth rate. Over the past three years, the company has maintained a compound annual growth rate (CAGR) of 52.55% in revenue.
The company also boosted its net profit by 119%, rising from Rs. 2.79 crore in FY23 to Rs. 6.11 crore in FY24. Over the last three years, its net profit has grown at an impressive CAGR of 81.71%.
Rulka Electricals reports a return on capital employed (ROCE) of 62.9% and a return on equity (ROE) of 50.6%. It maintains a debt-to-equity ratio of 0.83x and delivers an earnings per share (EPS) of Rs. 17.9.
Shareholding pattern
In September 2024, Rulka Electricals Limited had a majority stake held by the promoters at 69.22 percent, foreign institutional investors at 2.35 percent, domestic institutional investors at 0.27 percent, and the public at 28.16 percent.
About the Company
Rulka Electricals Limited was established in 2013 as a private firm and became a public company in August 2023. The company delivers turnkey electrical and firefighting project solutions across India. It designs, supplies, installs, and commissions projects in sectors such as warehouses, retail, theaters, hospitals, and hospitality.
The company provides electrical services that include panel installations, solar EPC contracts, and industrial data cabling. Rulka Electricals ensures quality execution, delivers projects on time, and offers thorough documentation. With strong expertise in maintenance and electrical contracting, the company serves as a dependable partner for commercial and industrial clients.
Written By – Nikhil Naik
Disclaimer
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