Under Rs 120: Microcap Company Secures Order Worth Rs 43,09,848 from BEML – Complete Details Inside!
The company’s shares have delivered around 20 per cent return in the past 1 month.
This microcap company was incorporated in 2002, and is an ISO certified company by TUV Nord, specializing in the manufacturing, coating, converting, and die-cutting of industrial specialty self-adhesive tapes. It has recently secured an order from a government enterprise.
According to the press release, Srivasavi Adhesive Tapes Ltd has received a purchase order from BEML Ltd for the supply of self-adhesive products. The order is valued at Rs. 43,09,848 inclusive of GST and is to be executed within a timeframe of 3 months.
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Looking at the share performance, at the start of the day's trading session, the shares of Srivasavi Adhesive Tapes Ltd opened at Rs 115.10 per share, compared to the previous day's closing figure of Rs 118.10 per share on the NSE. Finally, the shares closed at Rs 117.10 per share. The company's current market capitalization stands at Rs 166 crore. Additionally, the company’s shares have delivered around 20 per cent return in the past 1 month.
The company doesn’t announce Quarterly Results, and as per the half-yearly results in March 2024, Srivasavi Adhesive Tapes Ltd recorded a revenue of Rs 37.26 crore. The operating profit reported by the company was Rs 3.58 crore. The net profit stood at Rs 2.39 crore compared to a profit of Rs 1.81 crore. Looking at the annual performance, the company generated a revenue of Rs 77.33 crore in FY24. The operating profit for FY24 was Rs 7.76 crore with a net profit of Rs 5.15 crore compared to a net profit of Rs 3.62 crore in FY23.
According to the company's shareholding pattern, the promoters hold around 73.21 per cent stake while the public investors own 26.79 per cent stake.
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Disclaimer: The article is for informational purposes only and not investment advice.