Low PE penny stock under Rs 75: Company receives order worth Rs 4,37,81,030 from National Highways Authority of India (NHAI)

DSIJ Intelligence-1 / 04 Jul 2025/ Categories: Penny Stocks, Trending

Low PE penny stock under Rs 75: Company receives order worth Rs 4,37,81,030 from National Highways Authority of India (NHAI)

The stock is up over 40 per cent from its 52-week low of Rs 52 per share.

Artefact Projects Limited, in association with Manglam Infra & Engineering Limited, has been awarded a contract by the National Highways Authority of India (NHAI) for Independent Engineer services during the Operation and Maintenance Period for a section of NH-53 (Old NH-6). This domestic project covers the Nagpur-Wainganga Bridge section (km 498.000 to km 544.200) under NHDP-III on a BOT (Toll) basis, and the Chhattisgarh/Maharashtra Border-Wainganga Bridge section (Km 405.00 to Km 485.000) under NHDP Phase IIIA on a BOT basis. The contracted fee for Artefact Projects Limited for this 60-month project is Rs 4,37,81,030 (Rupees Four Crore, Thirty-Seven Lakhs, Eighty-One Thousand, and Thirty only), excluding taxes.

Earlier, the company secured a project from the Government of India's Ministry of Road Transport & Highways, in association with M/s Manglam Infra & Engineering Limited and Shree Mahamai. The project involves providing consultancy services for the preparation of Detailed Project Reports (DPRs) for four bypasses in Punjab. These include bypasses for Kot Ise Khan (NH-703B), Bhikwind (NH-703B), Bagha Purana (NH-254), and Jalalabad (NH-754). The contracted fees for Artefact Projects Limited for this domestic project total Rs 40,74,225 excluding GST, and the project is expected to be completed within 300 days.

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Incorporated in 1987, Artefact Projects Ltd is engaged in the project consultancy business in India. The company has a market cap of Rs 57 crore and reported positive numbers in its Quarterly Results (Q4FY25) and annual results (FY25).

According to quarterly results, the net sales increased by 79 per cent to Rs 12.74 crore and the net profit increased by 1,255 per cent to Rs 2.98 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 24 per cent to Rs 30.05 crore and the net profit increased by 38 per cent to Rs 7.43 crore in FY25 compared to FY24.

The stock’s 52-week high is Rs 89.74 per share and its 52-week low is Rs 52 per share. The shares of the company have a PE of 9x whereas the industry PE is 26x. The stock is up over 40 per cent from its 52-week low of Rs 52 per share.

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