Multibagger Engineering Company Bags Order Worth Rs 37,00,000 After Securing Order Worth Rs 3.48 Crore: Stock Gains Over 150 Per cent in Just 6 Months!
The company's shares have delivered an impressive year-to-date return of over 200 per cent to its shareholders.
Incorporated in 1988, Sunita Tools Ltd is engaged in manufacturing mould bases and machining parts for sectors including automotive, pharmaceutical, electronics, consumer goods, and manufacturing. The company has recently secured two significant contracts.
Today the company bags a work order, valued at Rs 37 lakhs (including tax), which involves supplying various types of mould bases. The name of the awarding entity remains confidential. This order is scheduled to be delivered by September 30, 2024.
Furthermore, on August 23, Sunita Tools received a contract for different mould base plates, worth approximately Rs 3.48 crore. This contract was awarded by an OEM, machine manufacturer, and steel processor. The delivery of this order was expected as soon as possible.
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Currently, the shares of Sunita Tools Ltd are at around Rs 709 per share on the BSE. The company’s current market capitalization stands at Rs 398.81 crore. Additionally, the shares have delivered a multibagger return of around 160 per cent in the past 6 months.
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As per the Quarterly Results, in the Q1 FY25, Sunita Tools Ltd recorded a revenue of Rs 8.61 crore. The operating profit stood at Rs 2.76 crore with a margin of 32.06 per cent. The net profit stood at Rs 1.84 crore compared to a profit of Rs 1.41 crore in Dec-2023. Looking at the annual performance, the company generated a revenue of Rs 26.09 crore in FY24. The operating profit for FY24 was Rs 7.64 crore with a net profit of Rs 4.85 crore compared to a net profit of Rs 3.38 crore in FY23.
According to the shareholding pattern of the company, the promoters hold a significant 72.98 per cent stake while public investors own 27.03 per cent stake in the company.
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Disclaimer: The article is for informational purposes only and not investment advice.