This Engineering Component Manufacturer Secures Orders for Supply of Molded White Plates; Stock Rallies Over 16 per cent Today

The shares of the company have delivered a return of around 66 per cent to its shareholders in just 6 months.

This micro-cap company incorporated in 1999, specializes in the manufacturing of plastic engineering components and sub-assemblies. The company's core operation involves molding materials to create new components for the Electrical, Medical, Industrial, and Automotive sectors.

The company has announced the receipt of an order valued approximately between Rs 17,00,000 to Rs 20,00,000, inclusive of taxes, depending on the company's demand on a monthly basis. The order is from an Indian company for the supply of molded white plates. The client's proper name has not been disclosed by the company. The order is to be fulfilled within 1 month from the date of receiving the purchase order.

Share Performance:

On Monday, the share Master Components opened at around Rs 205 per share and closed at Rs 239 each on NSE with a market capitalization of Rs 95.60 crore. The stock has delivered a return of around 66 per cent in just 6 months.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 13.80 crore and an operating profit of Rs 2.37 crore. The operating profit for the quarter stands at 17.17 per cent. The company’s net profit stood at Rs 1.67 crore. In FY24, the company reported a revenue of Rs 25.29 crore compared to Rs 20.70 crore, and a net profit of Rs 2.68 crore, compared to a profit of Rs 1.71 crore in the previous year.

Regarding the shareholding pattern, the promoters own 72.45 per cent of the company, while Public or retail investors hold the remaining 27.55 per cent.

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

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