Manufacturer of Military Bulletproof Jackets and Helmets Secures Rs 3.37 Crore Order from MM Forgings - Complete Details Inside!
The company’s shares have delivered an impressive return of around 105 per cent to its shareholders.
Atmastco Ltd is a Small-Cap turnkey EPC contractor, offering comprehensive multi-disciplinary services and project management solutions in the ferrous and non-ferrous sectors.
The company's business is divided into three main segments: EPC turnkey projects, fabrication/manufacturing, and defence. The company's wholly owned subsidiary, Atmastco Defence Systems Pvt. Ltd., specializes in manufacturing bulletproof jackets and helmets specifically for military use, along with full-body protectors for female troops and related defence activities.
The company has secured an order from MM Forgings Limited for the production of critical special equipment, valued at Rs 3.37 crore. The order is expected to be executed by October 2024.
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On Tuesday, the shares of Atmastco Ltd closed at around Rs 260 per share on the NSE. The company’s current market capitalization stands at Rs 643.10 crore. Additionally, the shares have delivered a multibagger return of over 100 per cent in the past 6 months.
As per the Quarterly Results, in Q4 FY24, Atmastco Ltd recorded a revenue of Rs 148 crore. The operating profit stood at Rs 23 crore. The net profit for Q4 FY24 was Rs 10 crore. Looking at the annual performance, the company generated a revenue of Rs 224 crore in FY24. The operating profit for FY24 was Rs 38 crore with a net profit of Rs 16 crore compared to a net profit of Rs 13 crore in FY23.
According to the company's shareholding pattern, the promoters hold a significant 68.43 per cent stake. Public investors own 31.53 per cent of the shares. FIIs owns a 0.03 per cent stake in the company.
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Disclaimer: The article is for informational purposes only and not investment advice.