High ROE & High ROCE Stock: Construction Company enters into MoU worth Rs 4 crore with Aquaproof Wallcare (I) Pvt Ltd

Construction-machinery-ltd-317115">Readymix Construction Machinery Limited (RMX) has secured a significant new contract, entering into a Memorandum of Collaboration (MoC) with Aquaproof Wallcare (I) Pvt Ltd, for a project valued at approximately Rs 4 crore. This agreement tasks RMX with the Design, Supply, Installation, and Commissioning of Aquaproof Wallcare's third consecutive state-of-the-art 30 TPH GRAY PRODUCTS manufacturing plant. This new facility, which will span over 2 acres, is slated for establishment in Raipur, Chhattisgarh. The order highlights the continued trust and successful partnership between the two companies, building upon prior collaborations for similar plants in Alwar, Rajasthan, and Asangaon, Maharashtra.

Aquaproof Wallcare formally acknowledged the order, underscoring that the decision to award the Raipur project to RMX was based on the "demonstrated engineering robustness and project delivery standards" seen in the first two successful implementations. The 30 TPH (Tons Per Hour) plant represents a key step in Aquaproof Wallcare's growth strategy in the sector. Both companies expressed confidence that this strategic association will continue to drive mutual growth, with Aquaproof Wallcare anticipating RMX's "continued commitment to operational excellence" and looking forward to a timely and successful execution of the Raipur project.

About the Company

Established in 2012, Readymix Construction Machinery Limited operates as a multidisciplinary manufacturer and supplier within the construction equipment industry, focusing on the design, development, fabrication, and installation of plant and machinery for sectors including cement, concrete, crushing, construction, and building materials. This engineering-led company offers a comprehensive suite of services encompassing turnkey engineering solutions from conceptualisation to installation, annual maintenance services addressing wear and tear and software upgrades, business consultancy for design optimisation and automation, recipe consultancy for Dry Mix Mortar blends, and extensive after-sales support including installation, training, spare parts, and warranty.

The company has a market cap of over Rs 150 crore and the shares of the company have an ROE of 66 per cent and an ROCE of 61 per cent. The stock has given multibagger returns of over 150 per cent from its 52-week low of Rs 55.20 per share.

Disclaimer: The article is for informational purposes only and not investment advice.