Multibagger Engineering Company Bags Order Worth Rs 75,90,000: Stock Gains Over 135 Per cent in Just 6 Months!
The company’s shares have delivered an impressive multibagger return of over 135 per cent in just 6 months.
Incorporated in 1988, this Small-Cap company is engaged in manufacturing mold bases and machining parts for various sectors including Automotive, Pharmaceutical, Electronics, Consumer Goods, and Manufacturing. The company’s products are used as capital assets across these industries.
Sunita Tools Ltd has secured a contract/purchase order worth Rs 75.9 lakhs (inclusive of taxes) for the supply of mold bases and CNC machine parts. Additionally, the company has a work-in-progress order backlog totalling Rs 10.23 crore from multiple clients. The orders are scheduled for delivery as soon as possible (ASA).
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Today, the shares of Sunita Tools Ltd closed the day at around Rs 645 per share on the BSE. The company’s current market capitalization stands at Rs 362.81 crore. Additionally, the shares have delivered an impressive multibagger return of around 138 per cent in the past 6 months.
As per the Quarterly Results in March FY24, Sunita Tools Ltd recorded a revenue of Rs 8.61 crore. The operating profit stood at Rs 2.76 crore. The net profit stood at Rs 1.84 crore. Looking at the annual performance, the company generated a revenue of Rs 26.09 crore in FY24. The operating profit for FY24 was Rs 7.77 crore with an operating profit margin of 29.80 per cent with a net profit of Rs 4.85 crore.
According to the shareholding pattern of the company, the promoters hold a significant 72.98 per cent stake. Public investors own 27.03 per cent of the shares.
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Investors must keep this small-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.