Under Rs 100: Airport Service Company Secures Rs 1,45,25,000 Order for ARMO of E&M Installation at Shillong Airport; Stock Hits Upper Circuit Today

The shares of the company have delivered a return of around 155 per cent to its shareholders in just 1 years only.

This micro-cap company Incorporated in 2017, engaged in the business of developing, maintaining, and operating airports and allied businesses. From FY17 to FY21, the company was engaged in developing, operating, and maintaining electrical and mechanical installations at various airports in India. On March 1st, 2021, the company took over the business of Abhishek Associates and acquired 16 ongoing projects of AAI. Moreover, all project deposits given by the firm to AAI were transferred to the company. 

The company secured an order for the Annual Repair and Maintenance Operations (ARMO) of Electrical and Mechanical Installation at Barapani Airport, Shillong, for a duration of 2 years. The total value of these orders is Rs 1.45 crore.

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Share Performance:

On Wednesday, the share of Abhishek Integrations Limited closed at around Rs 62.6 per share, with a market capitalization of Rs 37.7 crore. The stock has delivered a multibagger return of around 154 per cent in just 1 year. Moreover, the company’s stock hit the upper circuit today.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 14.59 crore and an operating profit of Rs 1.01 crore. The operating profit margin for the quarter stands at 6.92 per cent. The company’s net profit stood at Rs 0.50 crore. In FY24, the company reported a revenue of Rs 25.45 crore compared to Rs 22.55 crore and a net profit of Rs 0.77 crore, compared to a profit of Rs 0.67 crore in the previous year.

As per the shareholding patterns, promoters own 67.72 per cent and public investors own 32.28 per cent.

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

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