Penny Stock Under Rs 5: Infra Company Secures Order Worth Rs 8.34 Crore, 50 Per cent of Its Market Capitalization, from Toyo Ink India
Shashijit Infraprojects Ltd, a prominent construction company in South Gujarat, has announced the receipt of a work order.
As per the press release, the company has received a work order from Toyo Ink India Pvt. Ltd., a subsidiary of the Toyo Ink Group, a leading Japanese multinational specializing in printing inks, packaging materials, and colorants with a strong presence in the Indian market. The order, valued at approximately Rs 8.34 crore (excluding taxes), involves the civil construction of a polymer factory building, boiler, and warehouse. This is a domestic order and is expected to be executed within a 10 to12 month timeframe.
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Incorporated in 2007, Shashijit Infraprojects Ltd specializes in the construction of residential, industrial, commercial, and institutional buildings. The company is involved in civil project management, encompassing the design, procurement, and development of industrial, commercial, residential, and powerhouse buildings, factories, public utility buildings, and infrastructure development projects. The company is currently focusing on new ventures in infrastructural development, including roads, rail infrastructure, bridges, dams, and other government contracting activities. The company also offers general contracting, pre-construction management, and turnkey development services.
The shares of Shashijit Infraprojects Ltd closed the day at around Rs 3.21 per share. The company’s current market capitalization stands at Rs 16.60 crore.
As per the Quarterly Results, in the first quarter of FY25 Shashijit Infraprojects Ltd recorded a revenue of Rs 7.57 crore. The operating profit for the period stood at Rs 12.02 crore. The net profit for the period was Rs 0.13 crore. Looking at the annual performance, the company generated a revenue of Rs 27.35 crore in FY24, compared to Rs 35.30 crore in FY23. The operating profit for FY24 was Rs 2.29 crore, with a net loss of Rs 0.61 crore.
According to the shareholding pattern of Shashijit Infraprojects Ltd, promoters hold 47.30 per cent stake in the company, while the remaining 52.70 per cent stake is held by public investors.
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Disclaimer: The article is for informational purposes only and not investment advice.