Low PE High ROE stock: This small-cap company receives multiple projects worth Rs 123.38 crore!
The company's shares are trading at a PE of 18.22x whereas the sectoral PE is 37.90x and an ROE of 27.19 per cent.
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PSP Projects informed both exchanges that the company has received projects worth Rs 123.38 crore. Details of the projects are as below-
Project-1: Construction of the iconic Project “360” at Ahmedabad, Gujarat from Anjney Finebuild. The project is worth Rs 96 crore (excluding tax) and will be completed within 30 months. Project-2: Design and construction of an industrial shed in Ahmedabad, Gujarat from Adishwaram Innovative LLP. The project is worth Rs 4.18 crore (excluding tax) and will be completed within 6 months.
In addition to the above orders, the total order inflow for the financial year 2022-23 till date amounts to Rs 3415.97 crore.
Today, shares of PSP Projects Ltd plunged 2.49 per cent to Rs 693.40 per share with an intraday high of Rs 714 and a low of Rs 694.55. The shares of the company saw a spurt in volume by more than 1.43 times on BSE.
PSP Projects Limited is a construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. It is also engaged in the real estate development of two mid-scale projects in the USA through its subsidiaries.
The company's shares are trading at a PE of 18.22x whereas the sectoral PE is 37.90x and an ROE of 27.19 per cent, all of which indicate strong managerial performance. Investors should keep an eye on this Small-Cap stock.