Small-Cap Engineering Company Secures Rs 2.95 Crore Order from Vehicle Factory Jabalpur Under Department of Defence Production – FIIs Increase Stake in Q2 FY25!
The company’s shares have delivered a multibagger return of over 270 per cent to its shareholders in just 1 year.
This Small-Cap engineering company, specializing in the manufacture of Computerized Numerically Controlled (CNC) machines and lathe machines, has secured an order from the Vehicle Factory Jabalpur.
Order Details
As per the press release, MACpower CNC Machines Ltd has secured an order valued at Rs 2.95 crore, inclusive of taxes, for one Horizontal Machining Center (HMC) from the Vehicle Factory Jabalpur under the Department of Defence Production. The order encompasses the design, manufacturing, supply, erection, and commissioning of a job-proven, tooled-up solution for the HMC. The execution period for the contract is set at 6 months.
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Share Performance
Looking at the share performance, at the start of the day's trading session, the shares of MACpower CNC Machines Ltd opened at Rs 1289.10 per share, compared to the previous day's closing figure of Rs 1264.45 per share on the NSE. Finally, the shares closed flat but in green at around Rs 1,271 per share.
The company's current market capitalization stands at Rs 1,271.53 crore. Additionally, the company’s shares have delivered an impressive multibagger return of around 280 per cent in just 1 year.
Financial Performance
As per the Quarterly Results, in the Q1 FY25, MACpower CNC Machines Ltd recorded a revenue of Rs 50.22 crore. The operating profit reported by the company was Rs 6.57 crore. The net profit stood at Rs 4.02 crore compared to a profit of Rs 2.03 crore. Looking at the annual performance, the company generated a revenue of Rs 241 crore in FY24 compared to Rs 202 crore. The operating profit for FY24 was Rs 35 crore with a net profit of Rs 24 crore compared to a net profit of Rs 13 crore in FY23 representing a growth of 85 per cent on a YoY basis.
FIIs Increased Stake
According to the company's shareholding pattern, the promoters hold around 73.17 per cent stake. Public investors own 25.70 per cent of the shares, while FIIs have increased their holding from 0.81 per cent to 1.13 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.