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RKEC Projects

MyResearch
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Excellent company and efficient management. It s a real gem in the industry. In SME corner there are very few professionally managed companies which regularly arrange concall, publish information in company website and share all the information with its stakeholder. On Financial front, If we compare the growth of last 5 years from 2014 till 2019 its turnover raised from 58 crore to 244 crore i.e. 3 times and profit from 1.08 crore to 24 crore i.e. 21 times. Currently it is trading @ PE of 2.8 only at current price of 46.3 after taking H1 2020 results, which should be at least at PE of 10 to 15. All SME hit hard but time will come when we will see this stock back at its earlier PE of 10 …Its Ideal price should be 150. Corporate tax cut, interest rate reduction, Management assurance to keep pat margin @9-10 % and deadline of many project by this account year, Government s 1 lakh crore infra boost up promise etc. are positive booster for it. Keep patience and wait for lucrative return.

1.53 AM Nov 17th
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