The shares of the trading company jumped 5 percent after recording its highest-ever sale of 250 motors of Bharat Bijlee. The shares have delivered more than 30 percent returns to its shareholders on a YTD basis.
With a market capitalization of Rs. 104 crores, the shares of Sunrise Efficient Marketing Ltd started Friday’s trading session positively at Rs. 116 compared to its previous close of Rs. 113.60. The share hit a high at Rs. 121.80 making a gain of around 5 percent and currently trading at Rs. 118.50 apiece.
Such a positive movement was observed after the company announced that it had recorded its highest-ever sale of 250 motors of Bharat Bijlee IE 4 energy-efficient permanent magnetic synchronous motors.
The break-up of these 250 units comprises 60 numbers of 3 hp motors, 150 numbers of 5 hp motors, and 50 numbers of 7.5 hp motors. In terms of value, this order amounts to a whopping Rs. 7 Million. The significance of this order volume is heightened by the fact that this volume amounts to sales that would otherwise be achieved in the normal sales cycle over a 6 to 7-month.
Furthermore, the company also mentioned that the company achieved a new milestone by recording new sales of 100 kilolitres of Gulf industrial oil in a single month. With this order, the company has made inroads into a leading business group and this breakthrough is to accelerate the demand for Gulf Thermic oil in the marketplace. Also, this gives the company a peek into the premium end of the industrial oil market and augurs well for its profitability.
Looking at the Financial statement, the revenue increased by around 51 percent from Rs. 64.27 crores in Q4 FY22 to Rs. 96.83 crores during Q4 FY23. In addition, the net profit magnified by around 64 percent from Rs. 4.88 crores to Rs. 8 crores during the same timeframe.
According to the latest shareholding pattern, the Promoters have a 72.40 percent stake and the remaining 27.60 percent are with the Retail Investors.
Headquartered in Surat, Sunrise Efficient Marketing Ltd was incorporated in 2020. The company is engaged in the business as traders, distributors, super stockiest, retailers, wholesalers, importers, and repairers of all types of industries like electronic items, mechanical and engineering items. The company is also a distributor for FMCG companies.
Written By Vaibhav Patil
