Rulka Electricals Jumps 4% After Securing ₹7.72 Crore Work Orders
Stock Surges on Fresh Orders Across Multiple States
Shares of Rulka Electricals Limited, a leading provider of integrated electrical and fire-fighting services, witnessed a sharp rise of nearly 4.2% on the NSE during Friday’s trading session. The surge came after the company announced that it had secured fresh work orders worth ₹7.72 crores from a multinational real estate client.
At 10:09 AM, the stock was trading at ₹195.1, marking a 2.2% increase from its previous closing price of ₹191. The company’s market capitalization stands at ₹83 crores, reflecting strong investor confidence despite recent fluctuations in its financial performance.
Major Contract Win: What’s Driving the Rally?
According to a recent regulatory filing, Rulka Electricals secured an order worth ₹7.72 crores for electrical and fire detection works across multiple project locations. The newly acquired work orders cover 18 projects spread across Maharashtra, Goa, Karnataka, Telangana, Andhra Pradesh, Gujarat, Tamil Nadu, and Rajasthan.
These projects will be executed over the next 4 to 12 months, depending on their scope. Some projects involve Greenfield developments, while others focus on fit-out works in existing infrastructures.
With this latest contract, Rulka Electricals’ total order book now stands at ₹74 crores, reinforcing its position as a key player in the electrical infrastructure sector.
Recent Order History: Consistent Growth in Contracts
This fresh contract win adds to Rulka Electricals’ strong track record of securing large-scale electrical projects.
✅ 13th January 2025: The company bagged work orders worth ₹10.53 crores from an MNC realty client for electrical infrastructure works, including HT, LT, fire detection, lighting protection systems, and CCTV installations across two major project locations in Bangalore and Pune.
✅ 21st January 2025: The company secured a ₹2.01 crore contract for electrical, fire detection, and plumbing works across five project sites in Maharashtra, Goa, and Haryana.
These consistent contract wins highlight the company’s growing influence in the commercial and industrial electrical infrastructure segment.
Financial Performance: A Challenging Year for Rulka Electricals
Despite the positive developments, Rulka Electricals has faced some financial headwinds in recent quarters.
📉 Revenue Decline: The company’s H1 FY25 revenue stood at ₹29.85 crores, marking an 18% year-on-year decline compared to ₹36.45 crores in H1 FY24.
📉 Net Profit Drop: Net profit took a significant hit, plunging 69.3% YoY from ₹3.06 crores to ₹0.94 crores.
While the company’s financials have seen a downturn, its ability to consistently secure new projects provides hope for a potential recovery in the upcoming quarters.
Company Overview: A Leader in Electrical and Fire-Fighting Services
Founded in 2004, Rulka Electricals Limited specializes in turnkey electrical and fire-fighting projects across industrial, commercial, and retail sectors.
🔹 Key Services Offered:
- Electrical solutions & panel installations
- Solar EPC contracts
- Industrial and commercial electrical contracting
- Fire detection and safety systems
- Data & voice cabling installations
- Maintenance services for electrical infrastructure
The company has successfully executed projects across warehousing, retail, and industrial segments, cementing its reputation as a trusted electrical contracting firm.
Key Financial Ratios: How Rulka Electricals Stands in the Market
| Metric | Value |
|---|---|
| Market Cap | ₹80.5 Cr. |
| Current Price | ₹189 |
| 52-Week High/Low | ₹667 / ₹189 |
| Stock P/E | 18.4 |
| Book Value | ₹77.1 |
| Dividend Yield | 0.00% |
| ROCE (Return on Capital Employed) | 50.6% |
| ROE (Return on Equity) | 62.9% |
| Debt to Equity | 0.23 |
| Industry P/E | 28.9 |
| Debt | ₹7.55 Cr. |
| Price to Book Value | 2.45 |
| ROIC (Return on Invested Capital) | 29.4% |
| Intrinsic Value | ₹694 |
| Graham Number | ₹151 |
| Piotroski Score | 5.00 |
Investor Outlook: What’s Next for Rulka Electricals?
While Rulka Electricals has been facing a dip in revenue and profitability, its growing order book and strong market positioning could pave the way for a potential recovery.
🔹 The company’s ability to secure large-scale contracts from multinational real estate clients showcases strong demand for its services.
🔹 With an order book of ₹74 crores, Rulka Electricals has visibility for continued revenue generation in the next 4 to 12 months.
🔹 The stock is trading near its 52-week low, presenting a possible opportunity for long-term investors looking at a turnaround story.
However, investors should keep an eye on profit margins, debt levels, and future contract wins to gauge the company’s overall financial health.
Final Thoughts
Rulka Electricals’ latest ₹7.72 crore order win has strengthened its position in the electrical contracting space, driving a positive sentiment in the stock market. While financials have been under pressure, the company’s ability to consistently secure new projects positions it well for future growth.
With the stock trading at ₹195.1, the coming quarters will be crucial in determining whether new project executions can drive profitability and stock performance.
Investors should stay tuned for further developments as the company executes its ₹74 crore order book and looks for new growth opportunities in the electrical contracting sector.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.