Multibagger Microcap Company Partners with Robot Manufacturing Companies to Provide Advanced Systems & Solutions – Stock Hits Upper Circuit Today!
The company’s shares have delivered an impressive multibagger return of over 860 per cent in the last 3 years.
This micro-cap company has entered into a technical collaboration and sales arrangement with two robot manufacturing companies to provide advanced robotic systems and solutions tailored for the steel fabrication industry. Through this partnership, it will offer cutting-edge automation solutions to the steel processing sector.
The demand for cost-effective robotic solutions in the industry is substantial, and the company is confident that this collaboration will help meet that need. Robotic systems provide significant advantages, including improved productivity, enhanced precision, and increased safety in operations. By automating complex and repetitive tasks, robots enable customers to achieve higher productivity and maintain consistent quality standards.
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On Wednesday, the shares of Rishi Laser Ltd rallied and hit the upper circuit and finally, closed the day at around Rs 146.85 per share on the BSE. The company’s current market capitalization stands at Rs 134.99 crore. Additionally, the shares have delivered an impressive multibagger return of over 160 per cent in just 1 year.
The company doesn’t announce Quarterly Results, as per half yearly results in March 2024, Rishi Laser Ltd recorded a revenue of Rs 3.88 crore compared to Rs 2.11 crore. The operating profit stood at Rs 1.15 crore. The company’s net profit stood at Rs 0.93 crore compared to Rs 0.28 crore. Looking at the annual performance, the company generated a revenue of Rs 7.02 crore in FY24. The operating profit for FY24 was Rs 2.02 crore with an operating profit margin of 28.77 per cent and a net profit of Rs 1.54 crore compared to Rs 0.77 crore.
Rishi Laser Ltd is engaged in the manufacturing and fabrication of sheet metal components and machines. The company offers parts for excavating machines, manufactures steel fabrications, and provides assemblies for a range of engineering industries. It operates in four verticals: construction equipment, automotive, rail transportation, and power (transmission and distribution).
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.