Penny Stock Surges 10% After Winning Micro Surfacing Contract in Pune
Shares of Sanmit Infra Limited, a micro-cap company involved in petroleum trading and real estate, jumped nearly 10.3% after securing a significant micro surfacing project in Pune. The project, valued at Rs. 4.24 crores, is expected to boost the company's financial performance.
Penny StockMicro SurfacingSanmit InfraBseFinancial PerformanceReal Estate PuneJun 06, 2025
With a market cap of Rs. 178 crores, at 10:50 a.m., the shares of Sanmit Infra Limited were trading in the green at Rs. 11.27 on BSE, up by nearly 4 percent, as against its previous closing price of Rs. 10.87. The stock has delivered negative returns of more than 29 percent in one year, but has gained by around 22 percent in the last one month.
According to the latest regulatory filings with the BSE, Sanmit Infra Limited has announced securing a significant work order valued at nearly Rs. 4.24 crores. The project involves executing 3 lakh square meters of micro surfacing work in Pune PN- 35 Projects, awarded by D.G. Belhekar Infra Private Limited. The project is scheduled to commence on June 10, 2025.
The scope of work includes the provision and laying of micro surfacing course involving dry fine aggregates conforming to Type-III grading specifications, polymer-modified cationic slow-setting bitumen emulsion (with a minimum binder content of 60 percent), ordinary Portland cement, chemical additives, and water, as per SP-81 guidelines and the approved Job Mix Formula (JMF), with a finished thickness ranging from 6 to 8 mm.
Under the scope of D.G. Belhekar Infra Private Limited, the responsibilities include providing open land for storing emulsion and equipment, setting up a labor camp, conducting primary cleaning in the village area, and obtaining the necessary traffic and safety permissions for initiating the work.
Sanmit Infra Limited’s scope of work comprises pre-application road cleaning, obtaining approvals for the mix design/Job mix formula, conducting both in-house and external lab testing as directed, and supplying all necessary materials, including aggregates, cement, water polymer-based micro surfacing emulsion. The company will also manage manpower, machinery, traffic and safety arrangements, storage of materials and equipment, and security for the labor camps.
Sanmit Infra reported a significant growth in revenue from operations, experiencing a year-on-year rise of nearly 104 percent, from Rs. 22.5 crores in Q4 FY24 to Rs. 46 crores in Q4 FY25. Similarly, its net profit increased during the same period from Rs. 0.54 crores to Rs. 1.6 crores, representing an impressive rise of nearly 196 percent YoY.
Sanmit Infra Limited, formerly known as SMR Universal Softech Limited, is presently engaged in biomedical and other waste management, infrastructure and real estate development, as well as the trading of petroleum products.
Frequently Asked Questions
What is the significance of micro surfacing in road construction?
Micro surfacing is a cost-effective method used to improve road conditions. It involves applying a thin layer of a mixture of aggregate, emulsion, and other materials to the road surface, enhancing durability and skid resistance.
What is the market cap of Sanmit Infra Limited?
Sanmit Infra Limited has a market cap of Rs. 178 crores.
How much did the stock of Sanmit Infra Limited increase after securing the micro surfacing order?
The stock of Sanmit Infra Limited surged nearly 10.3% after securing the micro surfacing order in Pune.
What is the value of the micro surfacing project awarded to Sanmit Infra Limited?
The micro surfacing project awarded to Sanmit Infra Limited is valued at Rs. 4.24 crores.
What are the primary services offered by Sanmit Infra Limited?
Sanmit Infra Limited offers services in biomedical and other waste management, infrastructure and real estate development, and the trading of petroleum products.
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