With a market capitalization of Rs 4,700 crores, the shares of Sansera Engineering Limited saw its shares surging around 9 percent and touched its 52-week high mark at Rs 914.55. In the last one month, the scrip has gained over 12 percent ranging from Rs 780 during May end to the current stock prices.
Such movements were seen in the markets amid a Block Deal buzz around the stock. According to reports, Ebene Limited and CVCIGP II Employees Ebene Limited, two Foreign Venture Capital Investors in Sansera, are expected to sell around 14 percent stake for a consideration of about Rs 628 crores.
According to the data available for the March 2023 quarter, Ebene Limited held an 18.05 percent stake in the company, and CVCIGP II Employees Ebene Limited with a 10.11 percent stake.
The financial reports, recently published by the company, exhibit a QoQ jump in the basic parameters such as operating revenues and net profits. The former increased from Rs 557 crores during Q3FY22-23 to Rs 616 crores in Q4FY22-23. During the same time horizon, the net profits took a shift from Rs 31 crores to Rs 35 crores.
Moreover, the return on capital employed (ROCE), measuring the value of returns the stakeholders get for the capital invested, went up from 15.46 percent during FY21-22 to 16.06 percent in FY22-23. The leverage ratios, with the most important one being the debt-to-equity ratio, went marginally down from 0.64 times during FY21-22 to 0.61 times in FY22-23.
As of the March 2023 quarter, the Promoters hold a 35.49 percent stake, and Foreign Institutional Investors (FIIs) hold a 38.1 percent stake in the company.
Sansera Engineering Limited is engaged in the process of manufacturing engineered components and also caters to automotive as well as non-automotive sectors.
Written by Amit Madnani
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