Multibagger Engineering Company Bags Orders Worth Rs 126.15 Crore from Guwahati International Airport; Turns Profitable after 5 Years of Losses
The shares of the company have delivered a return of around 126 per cent to its shareholders in just 1 year.
This Small-Cap company has announced that it has received a Letter of Award worth Rs.126.15 Crores (Including Taxes) (Rupees One Hundred Twenty-Six Crores Fifteen Lakhs Only) from Guwahati International Airport Ltd for the Engineering and Construction of ATF Fuel Farm and Hydrant System at Guwahati International Airport. Incorporated in 1978, Artson Engineering specializes in the supply of equipment, steel structures, and site services for mechanical works.
Share Performance:
On Friday, the company's stock closed at around Rs 175.85 per share, with a market capitalization of Rs 649.24 crore. The stock has delivered a multibagger return of around 126 per cent in just 1 year.
Financial performance:
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 24.88 crore compared to Rs 29.30 crore and a net profit of Rs 1.32 crore compared to a loss of Rs 9.96 crore. In FY24, the company reported a revenue of Rs 128 crore compared to Rs 131 crore and a net profit of Rs 6 crore, compared to a loss of Rs 24 crore in the previous year.
Regarding the shareholding pattern, the promoters own 75 per cent of the company, while DIIs hold 0.01 per cent. Public or retail investors hold the remaining 24.98 per cent.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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