Do you own this small-cap stock that secured orders worth Rs 1948.58 crore in FY 2022-23?
The company's shares are trading at a PE multiple of 15.55, an ROE of 26.4 per cent and a ROCE of 35 per cent, all of which indicate strong managerial performance.
Today, the shares of PSP Projects Ltd closed higher than the previous closing, up by 6.32 per cent to Rs 703.70 per share. Recently, the company received work orders worth Rs 115.49 crore (excluding GST) in institutional and industrial categories. In FY 2022-23, the company secured orders worth Rs 1948.58 crore including the above work orders of Rs 115.49 crore.
PSP Projects Ltd.'s shares reached a new 52-week high of Rs 718 per share today. The company's revenue is increasing year over year and it has reported a positive set of results in its quarterly and annual consolidated financial statements. In comparison to FY22, the corporation doubled its operating profit and net profit in FY23. On BSE today, the company saw a spurt in volume by more than 14 times.
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 multiple of 15.55, an ROE of 26.4 per cent and a ROCE of 35 per cent, all of which indicate strong managerial performance. Investors should keep an eye on this stock.