This microcap EPC stock provides services for the construction and commissioning of electricity transmission and distribution systems touched 5% upper circuit in day trade hours upon receiving an order from the Rajasthan Rajya Vidyut Prasaran.
With a market capitalization of Rs. 314.39 Crores, the shares of Kay Cee Energy & Infra were trading at Rs. 286.85, up 5% from its previous day’s close price of Rs. 273.20. The stock has underperformed the Nifty and risen 13.83% in from the latest January.
The company is in the microcap category, and they reports financials semi-annually. Its revenue from operations increased by 5.53% YoY, from Rs. 61.09 crores in FY23 to Rs. 64.47 crores in FY24. Its net profit increased by 13.32% YoY, from Rs. 5.78 crores in FY23 to Rs. 6.55 crores in FY24.
The company received a work order from the Rajasthan Rajya Vidyut Prasaran for Operation and Maintenance of 132 kV Substations (75 Nos.) under the RVPN Transmission system worth Rs. 55.78 crore, with a duration of 3 years. The company’s approximate order book as of September 2024 stood at Rs. 549.90 crores.
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Kay Cee Energy & Infra is engaged is into engineering, procurement, and construction company which was incorporated in 2015. The company specializes in commissioning and construction of power distribution and transmission systems.
They provide services such as installing overhead and underground lines, construction, substation, automation, and related activities for private entities and government authorities. Kay Cee is also involved in some EPC projects for government entities, which include Rajasthan Rajya Vidyut Prasaran Nigam. The company’s service portfolio includes erection, handling, commissioning, and testing of materials and equipment for power transmission and distribution systems and others.
Kay Cee Energy & Infra also extend their services through operation and maintenance. Apart from EPC projects for different PSUs and others, the company is also engaged in EPC projects for companies like H G Infra Engineering Limited, Wonder Cement Limited, Gawar Construction Limited, and others.
According to the company’s segment in FY24, revenue from EPC constitutes a major part of the company, especially from power transmission and distribution projects. In FY24, the company’s RoE was 19.61%, while its RoCE was 21.28%.
Written by Santhosh
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