The shares of this microcap company surged 9 percent after receiving an order worth Rs. 1 crore from a foreign entity.
With a market capitalization of Rs. 75 crores, the shares of Shelter Pharma Ltd started Wednesday’s trading session positively at Rs. 62.98 compared to the previous close at Rs. 61.11. The share hit a high of 66.70 making a gain of around 9 percent and currently trading at Rs. 65.55 apiece.
Such a bullish movement was observed after the company in an exchange filing mentioned that they had received an order from Taha Drugs & Chemicals Co. Ltd (Sudan) for the supply of Allvitamins Tablet Nutraceutical (60,000 Box) and Joemega Capsule Nutraceutical (60,000 Box) worth Rs. 1 Crore approximately. The products are estimated to be supplied in 4 months.
Coming to the financial statements of the company, the revenue increased by 18 percent from Rs. 30.6 crores during FY22 to Rs. 36.15 crores in FY23. In addition, the net profit magnified by 180 percent from Rs. 2.06 crores to Rs. 5.78 crores during the same timeframe.
Looking at the important financial ratios, the return on equity (RoE) increased from 25.95 percent in FY21-22 to 53.66 percent during FY22-23. Furthermore, the return on capital employed zoomed from 36.17 percent to 67.38 percent during the same period.
According to the latest shareholding pattern, the Promoters have a 56.89 percent stake, and the remaining 43.11 percent shares are with the Retail Investors.
Headquartered in Gujarat, Shelter Pharma Ltd was incorporated in 2007. The company manufactures pharmaceutical products mainly for herbal formulations and Feed supplements.
Written By Vaibhav Patil
