One of the micro-cap stocks engaged in providing engineering contracting services primarily for the core infrastructural and industrial sectors in India, including power, chemicals, hydrocarbons, metals, and automobiles. The stock has hit a 5 percent upper circuit after receiving an order equivalent to its market Cap.
Stock Price Movement
With a market capitalization of Rs. 17.20 crores, the shares of Raunaq International Limited’s stock surged by 5 percent, reaching an upper circuit of Rs. 51.45 per share on Monday, up from its previous closing price of Rs. 49 per share
What Happened
Raunaq International Limited has received a work order worth Rs. 16.80 crore from Mahan Energen Limited for the 2×800 MW (phase II) Raigarh Ultra Supercritical Thermal Power Project in Raigarh, Chhattisgarh.
The project includes fabrication, erection, installation, painting, testing, and commissioning of CW, ACW, and RW systems. The project is to be completed within 20 months from the effective date, December 9, 2024. This project marks a key step in expanding its portfolio in the power sector.
Services Offering
Raunaq International Limited specializes in detailed engineering, procurement, quality assurance, construction, installation, testing, and project management.
The company operates in industrial piping systems, including low-pressure power plant piping, process piping, cross-country pipelines, storage tanks, and fire water systems, along with site fabrication and equipment erection.
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Recent quarter results and ratios
Raunaq International Limited’s revenue has increased from Rs. 0.64 crore in Q2 FY24 to Rs. 4.26 crore in Q2 FY25, which has grown by 565.63 percent. The net profit of Raunaq International Limited has also grown by 10.53 percent, from Rs. 0.38 crore in Q2 FY24 to Rs. 0.34 crore in Q2 FY25.
In terms of return ratios, the company’s ROCE and ROE should be -14.1 percent and 13.1 percent, respectively. Raunaq International Limited’s EPS is to be Rs. -3.24 and is a debt-free company.
Shareholding pattern
In September 2024, Raunaq International Limited had a majority stake held by the promoters at 63.42 percent, foreign institutional investors at 1.01 percent, domestic institutional investors at 3.12 percent, the government of India at 10 percent, and the public at 2.92 percent.
Company Overview
Raunaq International Limited was incorporated in 1965 and based in Faridabad, India, and specializes in engineering contracting services. The company focuses on core infrastructure sectors, including power and chemicals, providing turnkey solutions for various industrial projects.
Written By – Nikhil Naik
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