Under Rs 150: Transformers Manufacturer Secures Exclusive Technology Partnership to Manufacture Medium Voltage Meters and Sensors for Global Markets
The company’s shares have delivered an impressive return of over 170 per cent to its shareholders.
This Small-Cap company engaged in manufacturing electrical equipment, including switchboards, transformers, and vacuum contactors for institutions, industries, and utilities.
Akanksha Power and Infrastructure Ltd announced an exclusive technology collaboration for the manufacturing of medium voltage direct measurement meters and sensors up to 33 kV, as well as controllers for actuator-based vacuum circuit breakers and vacuum contactors. These products will be manufactured in India under the “Make in India” initiative, in collaboration with Radio and Microelectronics Trading House (JSC "RiM ТD"), and will be marketed across Asia, Africa, and Europe.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Today, the shares of Akanksha Power and Infrastructure Ltd were closed the day in green at around Rs 149.30 per share on the NSE. The company’s current market capitalization stands at Rs 276.48 crore. Additionally, the shares have delivered a multibagger return of over 170 per cent compared to the final IPO price of Rs 55.
Read Ashish Kacholia Holds 4.77 Per cent Stake: This Turnaround Small-cap Company to Design & Manage Office for NSE in Mumbai
Looking at the annual performance, the company generated a revenue of Rs 56.53 crore in FY24 compared to Rs 46.09 crore. The operating profit for FY24 was Rs 5.63 crore with an operating profit margin of around 9.96 per cent. The company reported a net profit of Rs 2.79 crore compared to a net profit of Rs 2.84 crore in FY23.
According to the company's shareholding pattern, the promoters hold a significant 60.81 per cent stake. Public investors own 38.19 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 0.95 per cent and Domestic Institutional Investors (DIIs) own 0.05 per cent.
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.