Share price of this micro-cap multibagger stock hit nearly 5 percent upper circuit and closed in the green at Rs. 107.65 on NSE in the trading session of Friday after the company announced the successful delivery of 6 Greenfield Air Separation to the US client.
With a market capitalisation of Rs. 104.3 crores, the shares of ANI Integrated Services Limited opened at Rs. 103.6, compared to its previous closing price of Rs. 102.55.
In the last one year, the company has delivered about 156.3 percent of multibagger returns and nearly 49.3 percent of positive returns in the last six months. So far in 2024, it has given positive returns of around 61.8 percent.
According to recent regulatory filings with the NSE, ANI Integrated Services has completed and delivered six units to Prodair Air Products India Pvt. Ltd. within a year and ahead of schedule, for a total order value of Rs. 12.76 crores.
Prodair Air Products India Pvt. Ltd. is an American multinational corporation renowned for its expertise in gases and chemicals.
ANI managed the supply, assembly, installation, and activation of six brand-new air separation units across various locations, including Hosur, Aurangabad, Wada, Hoshangabad, Raebareli, and Barjora. These units are designed to produce liquid medical-grade oxygen as their primary output alongside other gases.
Furthermore, ANI Integrated may also enter into additional projects with Prodair Air Products.
In terms of financials, the company’s revenue from operations increased by 11.7 percent YoY from Rs. 39.94 crore in Q3 FY22-23 to Rs. 44.61 crore in Q3 FY23-24, accompanied by an increase in the net profit of 156.9 percent to Rs. 1.31 crore in Q3 FY23-24 from Rs. 0.51 crore in Q3 FY22-23.
ANI Integrated Services Limited is an engineering company engaged in the business of providing comprehensive solutions across various industries. The company specialises in supply, erection, installation, and commissioning services.
Written by Shivani Singh
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