SEPC gains 4% after securing Rs 854.57 crore SAIL order

The Story in Brief

SEPC shares rose as much as 4% on the NSE on Thursday after the engineering company announced a Rs 854.57 crore order from SAIL’s IISCO Steel Plant in Burnpur, Livemint reports. The project covers civil and structural work for Pellet Plant Package-2, part of SAIL’s 4.08 MTPA crude steel expansion, and is due for completion in 32 months.

SEPC reported FY26 total income of Rs 1,085.8 crore, EBITDA of Rs 108.9 crore and net profit of Rs 53.5 crore. The stock has gained 12.31% in a week but remains down 34.37% year to date and 43.41% over one year. Livemint noted that the company’s shares opened at Rs 6.55, against the previous close of Rs 6.32.

The Indian Opinion

The easy story is that a large SAIL order makes a sub-Rs 10 stock a bargain. That is too sweeping. SEPC’s improved profit and new contract matter, but the share remains deeply lower over the year, while execution over 32 months will decide whether the order creates cash and margins. Investors should watch project progress, receivables and quarterly profits, not the one-day rise. Can SEPC convert this order into sustained operating cash flow?

Source: livemint.com

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