the shares of the construction company gained up to 19 percent after the company received a new work order from leading manufacturers of polyester worth Rs 230 million.
Shashijit Infraprojects Ltd has a market capitalization of Rs 39.82 crore, the shares were trading in green at Rs 7.64 per share, increasing around 9.77 percent as compared to the previous closing price of Rs 6.96 apiece.
Matter Description:-
Today the shares of the company have seen a positive movement after Shashijit Infraprojects Ltd received a new work order from leading manufacturers of polyester worth Rs 230 million for construction of the Industrial Factory Building. The order should executed within 12-15 months. The company also engaged in civil construction work for its Phase-1 project.
Financial Performance & client base:-
Examining the company’s financial performance, revenue plummeted by 33 percent from Rs 9.95 crore in Q4FY23 to Rs 6.7 crore in Q4FY24, during the same period net profit plummeted by 800 percent from a profit of Rs 0.13 crore to a loss of Rs 1.02 crore.
The company has a strong client base which includes Electromag Devices, CPS Colour System, Modison Metal, Apar Industries, Uniflex Cable, UM Cable, Sanathan Textiles, Subhnil Yarn, SRV Polytex, etc.
Ratio analysis:-
The company’s critical ratios show that the return on equity decreased from 3.81 percent in FY22-23 to (5.48) percent in FY23-24, while the return on capital employed decreased from 11.13 percent to 9.60 percent. The net profit margin (NPM) for fiscal year 23-24 is (2.24) percent.
Shareholding pattern:-
As of March 2024, the firm’s shareholding pattern stood at 51.16 percent for promoters and 48.83 percent for the public.
Company Profile:-
Shashijit Infraprojects Limited is an India-based industrial and infrastructure enterprise. The company creates and develops industrial infrastructure, including roadways, public utilities, powerhouse buildings, factories, and other immovable properties. Its business categories include construction and government infrastructure.
Written by:- Abhishek Singh
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