Penny Stock Under Rs 10: This Micro-Cap Company Bags Rs 4.25 Crore Contract for Micro Surfacing Work in Pune
The stock price of Sanmit Infra Limited stands at Rs 10.87, trading between its 52-week low of Rs 7.86 and a high of Rs 17.3.
Sanmit Infra Limited has secured a significant work order worth Rs 4.25 crore for micro surfacing work spanning 300,000 square meters in Pune. The contract, awarded by D.G. Belhekar Infra Private Limited, involves providing and laying a micro surfacing course using a polymer-modified cationic slow-setting bitumen emulsion. The project is scheduled to commence on June 10, 2025, with a completion timeline of two months. Under the terms of the contract, Sanmit Infra will be responsible for road cleaning, mix design approval, and other related activities. Sanjay Makhija, Managing Director of Sanmit Infra Limited, confirmed the details through an official corporate announcement.
This contract marks an important milestone for the company’s infrastructure segment, potentially strengthening its operational footprint in the rapidly expanding Pune region. Sanmit Infra, part of the Makhija Group, operates across multiple sectors including infrastructure development, petroleum, and biomedical waste management. Established in 2000, the company has developed residential and commercial complexes primarily in Mumbai’s western suburbs, with ongoing projects in Mahim, Karjat, and Navi Mumbai.
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In the petroleum division, Sanmit Infra deals in lubricants, kerosene, furnace oil, light diesel oil, base oil, and bitumen. It also provides a dual disinfection system targeting hazardous biomedical waste. Notably, in the fiscal year 2023, petroleum sales contributed approximately 95 per cent of the segment revenue. The company is also moving towards eco-friendly solutions by upgrading to a green management system (GMS) aimed at replacing traditional wood pyre cremation methods.
As of June 5, 2025, the stock price of Sanmit Infra Limited stands at Rs 10.87, trading between its 52-week low of Rs 7.86 and a high of Rs 17.3. With a market capitalization of Rs 173 crore, the company is classified in the Small-Cap category. However, it has recorded a 1-year return of -33.86 per cent and a 3-year return of -73.46 per cent, reflecting challenges faced in recent years. The Price-Earnings (PE) ratio is relatively high at 111.82, indicating market expectations for future growth.
Major public shareholders include Poonam Vishnu Rupani holding 1.74 per cent, Vishnu Jamnadas Rupani with 1.42 per cent, and Dheeraj D Mulchandani at 1.14 per cent. The company has not declared any recent dividend or announced plans for bonus or rights issues.
This new project award may improve Sanmit Infra’s Quarterly Results in the coming periods and could potentially attract fresh investor interest as the company expands its infrastructure portfolio in Maharashtra.
Disclaimer: The article is for informational purposes only and not investment advice.