45 per cent Returns in a Week: This Cotton Yarn Manufacturing Textile Company Bags Work Order from Ministry of Defence, Department of Military Affairs, Indian Air Force!
The stock has given 45.53 per cent returns in the last week.
The company's shares soared by more than 6 per cent on Friday's trade as company received a significant order from the Government of India.
Shiva Texyarn Limited, a leading textile manufacturing company based in Coimbatore, has announced that it has received a work order from the Government of India, Ministry of Defence, Department of Military Affairs, Indian Air Force. The order involves supplying 16,000 pairs of NBC Suit Permeable MK V, valued at Rs. 36.19 crores, including all duties and taxes.
The order's delivery timeline is from January 3, 2025, to August 31, 2025. The contract is governed by general terms and conditions outlined by the Ministry of Defence.
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Incorporated in 1980, Shiva Texyarn Ltd does manufactures of cotton yarn and technical textile products like coated and laminated fabrics, home textiles and other value-added products
In the Quarterly Results of September 2024, the company reported revenue of Rs 95.19 crore, compared to Rs 60.68 crore in June 2024 and Rs 98.73 crore in September 2023, reflecting a year-on-year decline of 3.59 per cent but a quarter-on-quarter growth of 56.87 per cent. The net profit stood at Rs 2.52 crore, marking a significant improvement from a loss of Rs 2.88 crore in September 2023 and a 98.43 per cent increase from Rs 1.27 crore in June 2024. The net profit margin for the quarter improved to 2.65 per cent, up from 2.09 per cent in June 2024, while the same was negative at 2.92 per cent in September 2023.
For the financial year 2024, the company recorded a revenue of Rs 335.28 crore, a decline of 18.40 per cent compared to Rs 410.88 crore in FY23. The net profit for the year was Rs 1.57 crore, showing an improvement from a net loss of Rs 13.99 crore in FY23, resulting in a 35.50 per cent improvement. The net profit margin stood at negative 4.17 per cent, compared to negative 5.28 per cent in the previous financial year.
The stock has given 45.53 per cent returns in the last week.
Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.