SmallCap stock engaged in the business of manufacturing Stainless Steel, Alloys, Pipes and many more jumped 16 percent in the day’s trade upon receiving a work order worth Rs. 117 Crores from Bharat Heavy Electricals Limited (BHEL)
Price Action:
With a market capitalization of Rs. 2,250 Crores, the shares of Welspun Specialty Solutions Limited were trading at Rs. 42.50 per equity share, up 13 percent from its previous day’s close price of Rs. 37.83.
What Happened:
Welspun Specialty Solutions Limited has been declared as the Lowest Bidder (L1) by Bharat Heavy Electricals Limited for the supply of Seamless stainless steel Boiler Tubes for the National Thermal Power Corporation(NTPC) Talcher 2 x 660 MW Supercritical Thermal Power Project for consideration of ~Rs. 117 Crores.
About the Company:
Welspun Specialty Solutions Limited is engaged in the business of manufacturing Stainless steel & Alloys and Stainless Steel Pipes & Tubes. Its product categories include alloy, stainless, and special steel, and stainless and Ni-alloy pipes and tubes.
Its product portfolio consists of Ingots, Blooms, Rolled Bars in Round, Heat Treated Bars, Extruded Seamless Schedule Pipes, Hollow Bars, Cold Finished Pipes & Tubes, Heat Exchanger Tubes, Hydraulic & Instrumentation Tubes and many more.
It serves various sectors, such as aerospace, defence, architecture, agriculture/fertilizer, automotive, consumer goods, dairy, energy and power, and engineering, among others.
Financials & Ratios:
Its Revenue from Operations grew by 9.78 percent from Rs. 137.8 Crores in Q4FY23 to Rs. 151.27 Crores in Q4FY24, accompanied by profits of Rs. 8.06 Crores to rs. 40.03 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 102 percent and a return on capital employed (ROCE) of 19.6 percent. It has a debt-to-equity ratio of 2.79.
Written by: Bharath K.S
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.
