Military Bulletproof Jackets and Helmets Manufacturing Stock Hits Upper Circuit Today – Q2 FY25 Profits Surged by 133 Per cent YoY!
The company’s shares have delivered an impressive return of around 200 per cent to its shareholders.
This Small-Cap company is a turnkey EPC contractor, offering comprehensive multi-disciplinary services and project management solutions in the ferrous and non-ferrous sectors. Today the company’s shares rallied and hit the upper circuit.
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.
On Thursday, the shares of Atmastco Ltd rallied and hit the upper circuit during the morning session itself and currently, are at around Rs 235.95 per share on the NSE. The company’s current market capitalization stands at Rs 583.62 crore. Additionally, the shares have delivered a multibagger return of over 200 per cent compared to the final IPO price of Rs 77 each.
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The company doesn’t announce Quarterly Results, in the half-yearly period in Sep 2024, Atmastco Ltd recorded a revenue of Rs 139 crore. The operating profit stood at Rs 25 crore. The net profit for the period was Rs 14 crore compared to Rs 6 crore representing a gain of around 133 per cent YoY. 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 31.55 per cent of the shares. The FIIs and DIIs own a 0.01 per cent stake in the company.
Check out my recent article here.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.