Shares of this microcap company jumped around 3 percent in Thursday’s trading session after receiving an order worth Rs. 3.25 crores. The shares have delivered around 50 percent to its investors in three months.
With a market capitalisation of Rs. 122 crores, the shares of Auro Impex and Chemicals Ltd started Thursday’s trading session on a higher note at Rs. 101 compared to its previous close of Rs. 97.65. During the trading session, the shares hit a high of Rs. 104.50, gaining around 3 percent and are currently trading at Rs. 100 apiece.
Such a positive movement in the share price was observed after the company in an exchange filing announced that it had received new orders worth Rs. 3.25 crores regarding collecting, and discharge of Electrodes and Internals from OEMs.
Coming onto the company’s financial statement, the revenue zoomed by 65 percent from Rs. 110 crores during FY21-23 to Rs. 181 crores in FY22-23. In addition, the net profits magnified by 200 percent from Rs. 2 crores to Rs. 6 crores during the same timeframe.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 19.91 percent during FY 21-22 to 41.24 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 11.56 percent to 20.27 percent during the same timeframe. Furthermore, the net profit margin increased from 1.53 percent during FY21-22 to 2.59 percent during FY22-23.
According to the latest shareholding pattern, the Promoters hold 71.55 percent of the stake, retail investors have 28.24 percent of the shares and the remaining 0.22 percent of shares are with DIIs.
Furthermore, the company has its manufacturing facility in West Bengal spread across 2.44 Acres with four production lines, which include 2 collecting lines for collecting plates, one discharge line for discharge electrodes, and one pipe mill for discharge electrodes as backward integration.
Headquartered in Kolkata, Auro Impex and Chemicals was incorporated in 1944. The company is engaged in manufacturing, exporting, and supply of Discharge & Collecting Electrodes, and Electrostatic Precipitator (ESP) internal parts and spares.
Written By Vaibhav Patil
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