High ROE and ROCE with Low PE: Engineering Company Secures Order Worth Rs 4,02,00,000 from Various Clients; Complete Details Inside!
The company specializes in the manufacture and design of chemical process equipment, with a particular emphasis on continuous drying and cooling system equipment.
The micro-cap company Arrowhead Seperation Engineering has recently secured significant orders from several entities, including Saatvik Agro Processors Private Limited, Epsilon Carbon Ashoka Private Limited, Rajaram Maize Products Private Limited, and Super Specialty Products.
These orders entail the procurement of various spares and equipment, such as agitators, steel belt flakers, carbazole crushers, tubular dryer systems, and related spare parts and services, including supervision services for steel belt flaker and crusher units. The timeframe for executing these orders is set for delivery by December 2024. In total, the value of these orders amounts to Rs 4.02 crore, including taxes.
Also read: This Power Transmission Company Bags Order Worth Rs 16,27,00,000 from Gujarat Energy Transmission Corporation; Must watch
Share Performance:
Today, the company’s stock closed at Rs 145. The company’s current market capitalisation stands at Rs 27.14 crore.
Financial performance:
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 11.85 crore and an operating profit of Rs 1.63 crore. The operating profit margin for the quarter stands at 13.76 per cent. The company’s net profit stood at Rs 1.02 crore. In FY24, the company reported a revenue of Rs 24.76 crore compared to Rs 21.50 crore and a net profit of Rs 2.04 crore, compared to a profit of Rs 1.69 crore in the previous year.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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