This Microcap stock, which is in the business of Steel Goods trading, Industrial Goods, Engineering, and Erection business hit 2 percent upper circuit after the company reported a net profit increase of 127 percent.
Price Movement
In Monday’s trading session, Atmastco Limited stock hit a 2 percent upper circuit in the day’s trade after the company reported a net profit increase of 127 percent. The stock has delivered a return of around 79 percent in the past year outperforming the Nifty Index in the same period. The stock touched a high of Rs. 188.75 which is 2 percent higher than the previous close price of Rs. 185.05. The stock from the opening price has hit the upper circuit and has stayed at the same price.
What happened
Such a bullish movement in the scrip price was a result of an earnings update released by the company. As the company is in Microcap space they release their reports semi-annually. The company posted a significant improvement in net profits and a jump in revenue in H1FY25.
According to its recent filing, H1FY25, Atmastco Ltd reported an 82 percent increase in revenue to Rs.138.91 crore in H1FY25, compared to Rs.76.16 crore in H1FY24. Furthermore, half-yearly, the company saw a decrease of 6 percent in revenue from Rs.147.84 crore in H2FY24.
In the same period, the company reported a significant increase in net profit of 127 percent to Rs.14.22 crore in H1FY25, up from Rs.6.25 crore in H1FY24 and a 41 percent increase from Rs.10.09 crore in H2FY24. The company has a current ratio of 2.01 and a debt-to-equity ratio of 0.66.
Shareholding Pattern
As of September 2024, the shareholding pattern includes promoters holding a major share of 68.43 percent stake in Atmastco, Foreign Institutional Investors (FII) holding around 0.01 percent, Domestic Institutional investors (DII) standing at 0.01 percent, and public holdings standing at 31.55 percent.
Revenue Segment
According to the company’s half-yearly September 2024 report, they considered revenue from traded steel goods or items, Industrial goods, and engineering and erection business. In H1FY25, the company earned revenue from Manufacturing which contributed around 79 percent, and services around 21 percent as of H1FY25.
About the company
Atmastco Limited is a dynamic company focused on providing innovative solutions in the healthcare sector and protective technologies. Their business model includes two main areas which are healthcare partnerships that facilitate acquisitions and management of healthcare businesses, and other is shelter and protective technologies offering advanced security solutions, including CBRN protection and blast mitigation systems. By leveraging this expertise in both fields, Atmastco aims to improve operational efficiencies and drive sustainable growth while addressing critical needs in the healthcare and safety sectors. The company has even entered into the defence sector which is manufactures bulletproof jackets and helmets for the Indian Army by recently entering into license agreement with DRDO.
Written by Santhosh S
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