Veteran market expert Rakesh Bansal has shared four small-cap stocks with an order book greater than their market capitalisation. In a video shared on his YouTube channel, Rakesh Bansal said that these stocks are the potential candidates for re-rating.
The four stocks on his radar are: Genus Power Infrastructures Ltd; Va Tech Wabag Ltd; PSP Projects Ltd; and Skipper Ltd.
Genus Power Infrastructures: CMP Rs 312. Genus Power is the manufacturer of smart electricity meters. According to Rakesh Bansal, Genus Power has a total order book size of Rs 27,220 crore, while its market capitalisation is Rs 9,100 crore. Genus Power has an order backlog for 27.5 million smart meters.
Rakesh Bansal said that Genus Power offers a good growth opportunity as India still needs 250 million more smart meters. Genus Power has reported strong growth in revenue and profit over the past few years.
Va Tech Wabag: CMP Rs 1,509. Va Tech Wabag is a leader in water technology. It offers desalination, wastewater, and water reuse solutions. Va Tech Wabag has a total order book size of Rs 16,300 crore, while it has a market cap of Rs 9,000 crore.
Va Tech Wabag's 50 per cent orders are from the domestic market, while the remaining are from international markets. Va Tech Wabag is also working on high-tech projects like semiconductors, data centres, and green hydrogen. Va Tech Wabag has reported strong growth in its revenue and profit over the past few years.
PSP Projects: CMP: Rs 787. PSP Projects is a construction company, offering a diversified range of construction and allied services. Rakesh Bansal said that PSP Projects has a total order book size of Rs 9,180 crore, while it has a market cap of Rs 3,100 crore.
Adani Group is the promoter of PSP Projects, holding a 34 per cent stake. Being a part of the Adani Group, PSP Projects has strong potential to win more orders and expand its operations. The company is aiming for strong revenue growth in FY26 and FY27.
Skipper: CMP: Rs 478. Skipper is engaged in EPC Projects in power transmission & distribution, telecom infra and railway structures. Skipper is India's largest manufacturer of power transmission towers. The order book size of Skipper is more than Rs 9,000 crore, while it has a market capitalisation of Rs 5,30 crore.
Skipper has a bright future, given the government's capex in the power sector. The company is also expanding its operations rapidly and targeting 20-25 per cent revenue growth.
