Micro-cap stock that offers customised engineering solutions to various industries like automotive, Pharmaceuticals, Electronics, consumer goods etc., recovers 13.5 percent from the days low after it receives orders worth Rs. 3.54 Crores for supply of spares.
At 3:05 p.m the shares of Sunita Tools were trading at Rs. 135.40per share, UP 1.80 percent from its previous day close price and its market capitalization is Rs. 73 Crores.
As per the company’s filing, Sunita Tools Limited has bagged orders worth Rs. 3.54 Crores from BS Steel Traders LLP for supplying spares of Grade, EN 19 Rounds (100 tonnes in quantity), SAE 4140 Rounds (200 tonnes in quantity) and C 45 Rounds (100 tonnes in quantity) and the order is to be delivered by November 2024.
The company’s revenue grew 58.53 percent from Rs. 8.73 Crores in FY22 to Rs. 13.84 Crores in FY23, accompanied by increasing profits of Rs. 0.81 Crores to Rs. 3.38 Crores.
It has reported a return on equity (ROE) of 105.30 percent and a return on capital employed (ROCE) of 37.98 percent, this indicates that the company is making good returns on its equity and capital employed.
Sunita Tools is into manufacturing ground plates, mould bases and precision CNC Machining and it offers customised solutions to various industries like automotive, Pharmaceuticals, Electronics, consumer goods etc.
Written by: Bharath K.S
