Dark Horse Stock of the Day: This micro-cap construction stock rallied 10 per cent and hit upper circuit with heavy volumes, company posted highest ever revenue and profit!
The shares of the company have delivered a return of over 230 per cent to its shareholders over the past one year.
This micro-cap company offers a range of General Contracting and Project Management Services across various industries. Their services include cost monitoring and control, schedule development, subcontractor management, field engineering, site management, safety assurance, project accounting, change management, and quality control. They also provide design-build services, encompassing constructability, budgeting, cost control, and logistics. Their turnkey services cover real estate investing, finance, and development.
Additionally, their project management offerings include master planning, bid phase management, cost estimating, CPM scheduling, change order evaluation, project cost controls, safety management, quality management, field inspections, technology services, and constructability reviews. Today the company experienced a significant surge in its share price.
At the start of the day's trading session, the stock opened at Rs 138.70 per share, compared to the previous day's closing figure of Rs 126.10 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 138.70 per share on the BSE. The stock has reached the upper circuit price limit of 10 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.
The current market capitalization of Conart Engineers stands at Rs 43.55 crore, and the stock has generated an impressive multibagger return of around 235 per cent in the past year.
Stock Price Chart (Weekly)
Financial Performance
As per the Quarterly Results in Q4 FY24, the company reported a revenue of Rs 26.44 crore compared to Rs 8.53 crore. The company’s operating profit reached Rs 1.63 crore compared to Rs 0.88 crore in Q4 FY23. The operating margin stood at 6.16 per cent. The net profit of the company was Rs 1.79 crore in Q4 FY24 compared to a net profit of Rs 0.66 crore. Turning attention to the company's annual performance, it reported a revenue of Rs 48.89 crore, compared to Rs 35.49 crore in FY23. The company reported an operating profit of Rs 3.52 crore. The company’s profit was Rs 3.08 crore in FY24.
According to the company's shareholding pattern, promoters hold 44.55 per cent while the remaining 55.45 per cent is held by the public or retail investors.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.