Debt-Free Microcap Engineering Stock Under Rs 110 Secures Order Worth Rs 12,49,00,000, Complete Details Inside!
Promoters owns a 72.14 per cent stake in the company as per the recent update.
Incorporated in 2013, Global Pet Industries Limited manufactures and exports Two-Stage PET Stretch Blow Moulding Machines. The company produces machines for PET bottles ranging from 50ml to 20 litres, including fridge bottles, packaged drinking mineral water bottles, carbonated soft drinks bottles, hot fill juice bottles, edible oil bottles, liquid detergent bottles, cosmetic product bottles, confectionery jars, pharma bottles, liquor and distillery bottles, and pesticides bottles, among others.
Global Pet Industries Limited has received purchase orders worth Rs 12.49 crores from multiple parties for the supply of PET stretch molding machines along with other components. On Friday Global Pet Industries Ltd shares closed the day at around Rs 102 per share. The company’s current market capitalisation stands at Rs 99.83 crore.
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As per the Quarterly Results, in the fourth quarter of FY24, Global Pet Industries Limited recorded a revenue of Rs 23.26 crore. The operating profit for Q4 FY24 stood at Rs 1.19 crore. The net profit for Q4 FY24 was Rs 1.27 crore. Looking at the annual performance, the company generated a revenue of Rs 39.15 crore in FY24, compared to Rs 34.37 crore in FY23. The operating profit for FY24 was Rs 1.79 crore, with a net profit of Rs 2.06 crore.
According to the shareholding pattern, promoters hold 72.41 per cent, with the remaining 27.59 per cent held as per the recent update. Neither FIIs (Foreign Institutional Investors) nor DIIs (Domestic Institutional Investors) own any stake in the company.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.