In the Wednesday session, the small-cap stock rose around 3 percent to a 52-week high of Rs 289 after the company announced the Open Market Purchase of 35,705 equity shares by promoter.
According to a Kilburn Engineering Ltd filing, Firstview Trading Private Limited (Promoter) purchased an additional 35,705 equity shares worth one crore on the open market on Tuesday. With this post-acquisition, the promoter will have a 34.2 percent stake in the company.
According to the company report, the net revenue decreased by 31 percent year over year, from Rs 52.13 crore in Q2FY23 to Rs 68.48 crore in Q2FY24. Their revenue rose by 2.6 percent sequentially from Rs 66.68 crore in Q1FY24 to the current levels.
In addition, the company’s net profit rose by 35 percent year over year, from Rs 7.42 crores in Q2FY23 to Rs 10.03 crores in Q2FY24. Their profit increased by 41 percent on a quarterly basis from Rs 7.09 crore in Q1FY24 to the current levels.
The majority of the stake is owned by promoters, who own 54 percent of the company, and 46 percent is owned by foreign institutional investors.
Kilburn Engineering Ltd is a small-cap company with a market capitalization of 1,070 a return on equity of 34 percent and a return on capital employed of 29 percent.
Additionally, the company’s debt-to-equity ratio of 0.61 is low, its net profit margin increased from negative to 13.6 percent, and its price-to-earnings ratio of 28.09 is lower than the average industry price-to-earnings.
Kilburn Engineering Ltd. is a company that designs, manufactures, and commissions customized equipment/systems for critical applications in a variety of industries such as chemical, steel, nuclear power, petrochemical, and food processing.
Written by Sriram KV
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
