20 per cent interim dividend & PAT jumps 53.33 per cent in Q2FY25: Debt-free multibagger aerospace & defence stock to keep under radar
The stock gave multibagger returns of 220 per cent in just 2 years and a whopping 1,720 per cent in 5 years.
Taneja Aerospace & Aviation Ltd, a Pune-based company established in 1994 within the Indian Seamless Group, manufactures and sells parts for the aviation industry. Notably, they were the first private Indian company to make general aviation aircraft (non-military). Taneja Aerospace also provides airfield and maintenance, repair, and overhaul (MRO) services through a collaboration with Air Works India, allowing them to maintain commercial aircraft at their private airfield.
According to Quarterly Results, the net sales increased by 41.58 per cent to Rs 10.12 crore and net profit increased by 53.33 per cent to Rs 4.09 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 30.92 per cent to Rs 19.26 crore and net profit increased by 23.74 per cent to Rs 7.56 crore in H1FY25 compared to H1FY24. Looking at its annual results, the net sales decreased by 4.72 per cent to Rs 30.35 crore and net profit increased by 1.32 per cent to Rs 11.13 crore in FY24 compared to FY23. The Board has declaration of 1st Interim dividend of Rs 1.00 i.e., (20 per cent) per equity share having a face value of Rs 5 each for the FY 2024 - 25.
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Earlier, Taneja Aerospace and Aviation Limited (TAAL) has secured two significant contracts. First, a Hyderabad-based company has commissioned TAAL to modify and install instrumentation on helicopters, valued at Rs 5,80,00,000, to be completed by December 2025. Second, Bharat Electronics Ltd, a Government of India Enterprise, has awarded TAAL a Rs 14,47,80,000 contract to modify and install the SARANG system on twelve Kamov-31 helicopters. This project is slated for completion by June 30, 2027.
On Friday, shares of Taneja Aerospace & Aviation Ltd plunged 0.83 per cent to Rs 422 per share from its previous closing of Rs 425.55 per share with an intraday high of Rs 428.80 and an intraday low of Rs 418. The stock’s 52-week high is Rs 710 and its 52-week low is Rs 233.55.
The company has a market cap of over Rs 1,000 crore and has been maintaining a healthy dividend pay-out of 68.4 per cent. The stock gave multibagger returns of 220 per cent in just 2 years and a whopping 1,720 per cent in 5 years. Investors should keep an eye on this aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.