High ROE & High ROCE Penny Stock: Construction Company Bags Orders of Rs 44,33,00,000
The stock is up by 50 per cent from its 52-week low of Rs 55.20 per share.
Readymix Construction Machinery Limited has received orders of Rs 44.33 crore for design, manufacturing, supply and installation of dry mix mortar plant/wall putty plant, support equipment for readymix concrete plant, high-capacity silos/cement bulk terminal, artificial sand plants (crusher) from multiple reputed customers. The targeted date for completion of the above-mentioned orders is July 31, 2025 (Approx.).
Additionally, the company has reached a noteworthy achievement in deploying sustainable construction solutions across India, having established 85 Dry Mix Mortar Plants, a substantial 2316 Silo storage systems, and 3 advanced Sand Manufacturing Plants. Notably, their introduction of Advanced Sand Plants underscores a commitment to environmental sustainability by producing artificial sand that rivals natural river sand, thereby reducing reliance on its extraction. This technology, pioneered by the company in India, is currently operational and successfully meeting the specialised sand demands of various projects, as evidenced by the satisfactory performance of the recently supplied plants.
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About the Company
Established in 2012, Readymix Construction Machinery Limited operates as a multidisciplinary manufacturer and supplier within the construction equipment industry, focusing on the design, development, fabrication, and installation of plant and machinery for sectors including cement, concrete, crushing, construction, and building materials. This engineering-led company offers a comprehensive suite of services encompassing turnkey engineering solutions from conceptualization to installation, annual maintenance services addressing wear and tear and software upgrades, business consultancy for design optimization and automation, recipe consultancy for Dry Mix Mortar blends, and extensive after-sales support including installation, training, spare parts, and warranty.
The company has a market cap of Rs 88 crore and the shares of the company have an ROE of 66 per cent and an ROCE of 61 per cent. The stock is up by 50 per cent from its 52-week low of Rs 55.20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.