On Thursday, The shares of this wire and cable manufacturer opened on a positive note during the trading session and hit a 5 percent upper circuit during the day.
With a market capitalization of Rs. 239 crore, the shares of V Marc India Ltd opened positively during the morning bell at Rs. 104 apiece and hit a 5 percent upper circuit at Rs. 110 apiece during the day.
The positive move in the stock was observed when the company in an exchange filing announced that it had received a Letter of Intent(LoI) worth Rs. 11.51 cr from Pashchimanchal Vidyut Vitran Nigam, For the supply of 11 KV XLPE cable size 3*185 sq. mm.
The stock has given remarkable returns to its investors. The stock has given a 182 percent return to its investors in a year. For example, if someone had invested Rs. 1 lakh a year ago in the company’s shares, the worth of those shares would be Rs. 2.8 lakh.
Looking at the financials of the company, the revenue of the company has increased around 27 percent YoY from Rs. 181 cr in FY21-22 to Rs. 247 cr FY22-23. In addition, the net profit also increased from Rs. 4 cr to Rs. 10 cr during the same period.
Coming onto the important financial ratios of the company, the return on equity increased from 8.92 percent in FY21-22 to 14.02 percent in FY 22-23. Furthermore, the return on capital employed also increased from 12.58 percent to 18.46 percent during the same period.
According to the latest shareholding pattern, promoters have a 69.96 stake in the company, and the remaining 30.4 percent is with the retail investors.
V-Marc India Limited manufactures electrical wires and cables. The Company offers communication, LT, HT, CCTV, telephone switchboard, coaxial, and copper cables. V-Marc is among the global leaders in providing reliable and consistent quality products.
Written By Vaibhav Patil
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