EPC Company Receives New Order Worth Rs 16,22,00,000 From Maharashtra Tourism Development Corporation Ltd

The stock is up over 20 per cent from its 52-week low of Rs 127.50 per share.

E Factor Experiences Limited has been awarded a significant contract by M/s Maharashtra Tourism Development Corporation Ltd., a Government of Maharashtra undertaking, through a Letter of Intent for the organization and execution of the Maharashtra Maha Paryatan Mahotsav 2025. This domestic order, valued at Rs 16.22 crore (excluding GST), entails the complete execution of the three-day Mahotsav in Mahabaleshwar, Maharashtra.

Earlier, the company has been awarded a Letter of Intent by Telecommunications Consultants India Ltd, a Government of India Enterprise, for Eco-Tourism Works in and around the Nongkhyllem Wildlife Sanctuary in Meghalaya. This domestic project, valued at Rs 23.46 crore (including GST), is to be executed on an EPC (Engineering, Procurement, and Construction) mode within a 12-month timeframe. The contract focuses on developing eco-tourism infrastructure within the sanctuary region.

E Factor Experiences Limited, established in 2003, is a prominent Indian event management company specializing in crafting immersive experiences. Their services encompass a wide range of events, from grand government tourism festivals to intimate weddings and anniversaries. With offices in Delhi, Noida, Jaipur, and Odisha, the company boasts a team of 32 dedicated professionals. Their portfolio includes notable projects like Eco Retreat in Odisha, DotFest in Bhubaneswar, and the captivating Laser Show & Fireworks at Deepotsav. Additionally, E Factor Experiences has ventured into experiential tourism with its "Sky Waltz" brand, offering hot air ballooning and yachting adventures in various locations across India.

The company has a market cap of over Rs 200 crore and has delivered good profit growth of 93.9 per cent CAGR over the last 5 years. The shares of the company have an ROE of 50 per cent and an ROCE of 58 per cent. The stock is up over 20 per cent from its 52-week low of Rs 127.50 per share.

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