Low PE High ROE multibagger stock: This small-cap company receives orders worth Rs 317.13 crore!

The stock gave multibagger returns of 120 per cent in just 3 years.

PSP Projects informed both exchanges that the company has received work orders worth Rs 317.13 crore. Details of the orders are below: 

Order Details: The company has received a work order from Narmada Water Resources, Water Supply & Kalpsar Department for the development of the Dharoi Dam region as a world-class sustainable tourist/pilgrimage destination – road, infrastructure & adventure water sports arena (Package – 1). The order will be completed within 18 months from LOI. 

Today, shares of PSP Projects Ltd plunged 1.58 per cent to Rs 736.05 per share with an intraday high of Rs 754.95 and a low of Rs 737.35. The shares of the company saw a spurt in volume by more than 1.68 times on BSE. 

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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 17.65x whereas the sectoral PE is 35.60x and an ROE of 27 per cent, all of which indicate strong managerial performance. 

The stock gave multibagger returns of 120 per cent in just 3 years. Investors should keep an eye on this small-cap stock.