Low PE penny stock under Rs 75: Company receives order worth Rs 5,10,00,000 from National Highways Authority of India (NHAI)

DSIJ Intelligence-1 / 09 Jul 2025/ Categories: Penny Stocks, Trending

Low PE penny stock under Rs 75: Company receives order worth Rs 5,10,00,000 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 a joint venture with M/s MSV International Inc and in association with Sunnily Consultants Pvt. Ltd. and Manglam Infra & Engineering Limited, has secured an order worth Rs 5,10,00,000 (excluding GST) from the National Highways Authority of India (NHAI). This domestic contract is for providing Independent Engineer Services for the construction of a new four-lane access-controlled highway. The project spans from Cuttack (NH-16 near Tangi) to Kandarpur on SH-12, covering Design Chainage 0+000 km to 21+225 km, under the Hybrid Annuity Mode in Odisha. The service period for this project is 48 months.

Earlier, the company received 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.

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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.