During Wednesday’s trading session, the shares of a company engaged in providing end-to-end solutions for the city gas distribution sector surged nearly 4.3 percent to Rs. 131.8 on BSE, after securing an order worth Rs. 13.6 crores from Bharat Petroleum Corporation Limited (BPCL).
With a market cap of Rs. 105.2 crores, at 12:13 p.m., the shares of Rudra Gas Enterprise Limited were trading in the red at Rs. 126.1, down by around 0.2 percent, as compared to its previous closing price of Rs. 126.35.
What’s the news
According to the latest regulatory filings with the BSE, Rudra Gas Enterprise Limited received an order worth nearly Rs. 13.67 crores from Bharat Petroleum Corporation Limited (BPCL).
The order involves pipeline laying from Mahicha Mirganj Bypass to Mohamadpur Gopalganj & Arar Gopalganj to Arya Petroleum BPCL including associated works. The project is scheduled to be delivered within 12 months i.e., 11 months for mechanical completion and 1 month for commissioning.
Previous Order
30th October 2024: Rajasthan Renewable Energy Corporation Limited, a Government of India enterprise, has awarded a work order valued at Rs. 191.75 crores to the company. The project is planned for execution over a span of 25 years.
Rudra Gas Enterprise participated in the tender process as part of a consortium with Nishaank Solar Energy and Suppliers (Nishaank), submitted in response to the tender issued by the aforementioned government organization.
The company has awarded the tender along with its consortium partner Nishaank holding a 49% share in the said consortium agreement and Rudra Gas Enterprise Limited holding a 51% share as per the consortium agreement.
The order involves the design, supply, erection, testing and commissioning of rooftop solar photovoltaic power systems. Additionally, it involves comprehensive operations and maintenance (O&M) for 25 years post-commissioning.
These installations will be located on state government buildings in Rajasthan’s Churu and Bikaner districts and will be executed under the Hybrid Annuity Model (HAM).
Financials
Rudra Gas Enterprise reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 29 percent, rising from Rs. 49.4 crores in FY23 to Rs. 63.77 crores in FY24.
Similarly, during the same period, the company’s net profit increased from Rs. 3.6 crores to Rs. 4.6 crores, representing a growth of around 27.7 percent YoY.
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Key Financial Ratios
In terms of key financial metrics, Rudra Gas Enterprise has a Return on Equity (RoE) of 27.3 percent and a return on capital employed (RoCE) of 24.6 percent. Additionally, the company’s debt-to-equity ratio stands at 0.72.
Stock Performance
The stock has delivered positive returns of nearly 0.3 percent in one year, while around 26 percent of negative returns in the last six months. Further, the shares of Rudra Gas Enterprise have given positive returns of about 0.5 percent in the last one month.
About the company
Incorporated in 2015, Rudra Gas Enterprise Limited is engaged in the business of providing end-to-end solutions for the city gas distribution sector and tower installations, network expansion and maintenance relating to the Telecom sector.
Written by Shivani Singh
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