Synopsis:
Samay Project Services surged over 9 percent on Tuesday after it secured an order worth Rs 10 crore from a UAE-based company.
The shares of this EPC-based company are in focus after the company announced that it secured an order from an Overseas Company (based in the UAE). In this article, we will dive more into the details.
With a market capitalization of Rs 53.7 crores, the shares of Samay Project Services Ltd are currently trading at Rs 35 per share, down by 6.6 percent from its 52-week high of Rs 37.50.
Samay Projects announced through a stock exchange filing that it has landed an exciting international contract with a company in Dubai, UAE. This project will see them handle the engineering, supply, installation, and commissioning of piping and support components for a facility in Kenya. The contract is valued at USD 1.15 million (approximately Rs 9.88 crore), and they expect to finish the work in about 5.5 months.
Financial Highlights
The company reported a revenue of Rs 37.10 crore, down by 9 percent from its FY24 revenue of Rs 40.73 crore. Additionally, the company reported a net profit decline of 9.3 percent to Rs 4.19 crore in FY25 from Rs 4.62 crore in FY24.
The stock delivered an ROE and ROCE of 22.72 percent and 29.78 percent respectively and is currently trading at a P/E of 12.81x as compared to its industry peers of 24.15x.
Samay Project Services Limited specializes in engineering, procurement, and construction (EPC) services, focusing on designing and building support systems for various industries. Their expertise includes the installation of piping systems, tanks, steel structures, and fire safety systems.
They work with a range of materials such as carbon steel, stainless steel, and alloy steel, and they also construct large tanks for storing liquids like water and slurry.
Their fire safety systems are equipped with pumps, hydrants, alarms, and sprinklers. The company takes on projects for both government and private clients. While most of their work is based in India, they have also completed a project overseas in Mauritius.
Written by Satyajeet Mukherjee
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