Turnaround Story: Micro-cap Company Secures Order Worth Rs 5,58,00,000 from DNH Spinners – Q1 FY25 Profits Surged by 900 Per cent!

The company’s shares have delivered an impressive return of around 130 per cent to its shareholders in just 3 months.

This micro-cap company a leading manufacturer of advanced twisting and heat setting machines, has secured a significant domestic order from DNH Spinners Pvt Ltd, valued at Rs 5.58 crores.

Incorporated in 2006, Meera Industries Ltd specializes in the manufacturing and sale of customized textile machinery, machinery parts, and yarns.

This order highlights MEERA's strong market presence in the Indian carpet yarn industry, where the company holds a near-monopoly. The order includes the MEERABAH Bulking and Heat Setting Machine, along with MEERA's well-regarded carpet cabler and winding machines, known for their high productivity, durability, and energy efficiency, tailored to meet the demands of large-scale carpet yarn production.

Share Performance

Today, the shares of Meera Industries Ltd closed at around Rs 108.60 per share on the BSE. The company’s current market capitalization stands at Rs 115.97 crore. Additionally, the shares have delivered an impressive multibagger return of over 130 per cent in the past 3 months only.

Financial Performance

As per the Quarterly Results, in Q1 FY25, Meera Industries Ltd recorded a revenue of Rs 9.91 crore. The operating profit stood at Rs 1.18 crore. The net profit for Q1 FY25 was Rs 0.90 crore compared to Rs 0.09 crore. Looking at the annual performance, the company generated a revenue of Rs 30.14 crore in FY24. The operating profit for FY24 was Rs 2.96 crore with a net profit of Rs 1.47 crore compared to a net loss of Rs 1.84 crore in FY23.

According to the company's shareholding pattern, the promoters hold a significant 64.19 per cent stake. Public investors own 35.81 per cent of the shares.

Check out my recent article here.

Investors must keep this stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.