Penny Stock Under Rs 30: Microcap Company Set to Launch 8 MLD Common Effluent Treatment Plant with Zero Liquid Discharge!

Penny Stock Under Rs 30: Microcap Company Set to Launch 8 MLD Common Effluent Treatment Plant with Zero Liquid Discharge!

Rakesh Deshmukh

The shares of the company have delivered a return of over 85 per cent to its shareholders.

Incorporated in 2008, this micro-cap company manufactures fabric using water jets, air jets, and rapier looms. SSIL is part of the Shahlon Group, a fully integrated textile enterprise based in Surat.

Shahlon Silk Industries Ltd, a leading integrated textile company, is preparing to enter the CETP (Common Effluent Treatment Plant) business. The company has identified the required land for the project and is finalizing the project components. The plan involves installing a Common Effluent Treatment Plant with an 8 MLD capacity, Zero Liquid Discharge and a Recycling Plant, including an effluent conveyance pipeline, pumping network, and a treated water distribution network for reuse.

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At the start of the trading session, Shahlon Silk Industries Ltd opened at Rs 24.77 per share, compared to the previous day's closing of Rs 24.18 per share on the BSE. As of the time of writing, shares are currently trading at Rs 24.55 per share on the BSE. The current market capitalization of the company stands at Rs 219.24 crore, and the stock has generated an impressive return of around 90 per cent in just 1 year. 

According to the Quarterly Results, in the first quarter of FY24, the company reported a revenue of Rs 56.66 crore compared to Rs 48.44 crore. The operating profit for Q1 FY25 reached Rs 6.46 crore, resulting in an operating profit margin of 11.40 per cent. The net profit for the period amounted to Rs 0.60 crore. Reviewing the annual performance, the company reported a revenue of Rs 311 crore in FY24, compared to Rs 309 crore in FY23. The operating profit for FY24 reached Rs 28 crore and a net profit of Rs 4 crore.

Regarding the shareholding pattern, the promoters possess 72.05 per cent of the company, while FIIs hold 5.59 per cent and the public or retail investors hold the remaining 22.35 per cent.

Investors must keep this micro-cap company on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.

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