The shares of this metal product manufacturer gained up to 4.4 percent after the company received new purchase orders from Kalyani Techno Forge Limited worth Rs 13.60 lakhs.
Kranti Industries Ltd has a market capitalization of Rs 80.08 crore, the shares were trading at Rs 71.57 per share, increasing around 2.64 percent as compared to the previous closing price of Rs 69.73 apiece.
Reason to rise:-
Today the shares of the company have seen positive movement after Kranti Industries Ltd received new purchase orders from Kalyani Techno Forge Limited worth Rs 13.60 lakhs for Job work services.
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Financial performance
Looking into the company’s financial performance, revenue plummeted by 4 percent from Rs 22.34 crore in Q4FY23 to Rs 21.46 crore in Q4FY24, and during the same time frame, net profit shrunk by 76 percent from Rs 2.83 crore and Rs 0.69 crore.
Recent orders:-
Recently, the company received a business Nomination Letter and the purchase order from CNH Industrial (India) Private Limited for the supply of Machine Parts F28 Balancer Box Development for a consideration of Rs. 1.02 Crores.
Ratio analysis:-
Examining the company’s crucial ratio, return on equity declined from 19.03 percent in FY22-23 to 0.21 percent in FY23-24, while during the same time frame return on capital employed also declined from 19.72 percent to 4.54 percent. In contrast, the net profit margin (NPM) stands at 0.08 percent in fiscal year 22-23.
Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoters of the company own 69.1 percent while Retail shareholders own a 30.9 percent stake in the company, and Foreign Institutional Investors own a 0 percent stake.
Company Profile:-
Kranti Industries Limited is an India-based precision machining firm that operates in the auto auxiliary and allied industries. The company provides engineering goods to vehicle manufacturing businesses such as CNH Industrial (India) Pvt. Ltd., Graziano Transmission India Pvt. Ltd., Escorts Limited, and Neosym Industry Limited.
Written by:- Abhishek Singh
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