Railway Penny Stock Below Rs 15: Company receives Rs 269,68,59,518 Sub-Contract for Strategic Ajmer-Chanderiya Railway Doubling Project

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Railway Penny Stock Below Rs 15: Company receives Rs 269,68,59,518 Sub-Contract for Strategic Ajmer-Chanderiya Railway Doubling Project

The stock is up 29.2 per cent from its 52-week low of Rs 8.50 per share and gave multibagger returns of 130 per cent in 5 years.

SEPC Limited, an Engineering, Procurement, and Construction (EPC) company, has secured a significant domestic Railway infrastructure project valued at a total consideration of Rs 2,69,68,59,518 (approximately $270 crore). The order was awarded by the North Western Railway (NWR) for the Ajmer-Chanderiya Doubling Project of the Ajmer Division. This project was secured through the VPRPL–SBEL Joint Venture, with SEPC Limited responsible for the execution of the works. The entire contract is set to be executed over a period of 24 months from the date of the Letter of Award (LOA). This win strengthens SEPC’s presence in the railway EPC segment and aligns with Indian Railways' initiatives to enhance operational efficiency and connectivity.

The scope of work for this railway doubling project is extensive, covering comprehensive formation and civil works across the Mandpiya to Chanderiya section. Key project components include heavy earthwork (emBankment filling, cutting, and blanketing), the construction of various bridges (important, major, minor, RUBs/limited height subways, and foot over bridges), as well as retaining structures like toe walls and pitching. The contract also involves the construction of station and allied service buildings, platform works (including shelters), and extensive Permanent Way (P-Way) works, which cover the supply of ballast, material transportation, and the laying and linking of the new broad-gauge track.

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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.

In Q2FY26, total income increased by 39 per cent to Rs 237.42 crore, EBITDA increased by 38 per cent to Rs 10.57 crore and net profit increased by 262 per cent to Rs 8.30 crore compared to Q2FY25. 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 14.52 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 2,000 crore. The stock is up 29.2 per cent from its 52-week low of Rs 8.50 per share and gave multibagger returns of 130 per cent in 5 years.

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