Penny stock below Rs 20: Company receives order of Rs 32,63,00,000 from Avenir International Engineers and Consultants LLC, Abu Dhabi

SEPC Limited has received a significant international subcontract for Engineering Services from Avenir International Engineers and Consultants LLC, Abu Dhabi, valued at a total consideration of AED 13,500,000, which is approximately Rs 32.63 Crore at the present exchange rate. This work order pertains to the performance of engineering services for various ADNOC projects. As an International Entity awarding an International contract, the specific schedule and timelines for the execution of the services will be subsequently provided by Avenir International Engineers and Consultants LLC.

Earlier, the company received a purchase order valued at Rs. 75,19,78,000 from Gefos Solutions Private Limited. The order is for the supply of construction materials for four domestic infrastructure projects, specifically residential buildings. This contract is expected to be completed within a period of 8 to 9 months.

About the Company

SEPC Limited, previously known as Shriram EPC Limited, is a well-established company providing turnkey EPC (Engineering, Procurement, and Construction) solutions across key infrastructure sectors. The company's expertise lies in the design, procurement, construction, and commissioning of large and complex projects in India, particularly within the Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors. Serving a wide range of clients, including both Central and State Government agencies, SEPC plays a significant and continued role in advancing India's infrastructure development.

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In Q1FY26, total income increased by 14 per cent to Rs 203.8 crore, EBITDA increased by 12 per cent to Rs 29.8 crore and net profit increased by 105 per cent to Rs 16.5 crore compared to Q1FY25. In FY25, SEPC reported a revenue of Rs 598 crore, EBITDA of Rs 51crore and net profit of Rs 25 crore.

Domestic Institutional Investors (DIIs) own a 15.75 per cent stake in the company and the majority of DIIs are Punjab National Bank (PNB), Central Bank of India, The South Indian Bank, Axis Bank, Bank of India (BOI) and IndusInd Bank. SPEC has a market cap of over Rs 2,300 crore. The stock is up 13 per cent from its 52-week low of Rs 10.91 per share and gave multibagger returns of 280 per cent in 5 years.

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