Vijay Kedia stock engaged in providing robotic and automation solutions for Industrial Automation and many others jumped upto 4 percent in the day’s trade following fund raise for expansion plans and other purposes.
Price Action
With a market capitalization of Rs. 738 Crores, the shares of Affordable Robotic & Automation Limited were trading at Rs. 656.15 per equity share, up 2.85 percent from its previous day’s close price of Rs. 637.95.
What Happened
The Board of Directors of ARAPL RaaS Private Limited a subsidiary of Affordable Robotic & Automation Limited, has considered and approved raising funds of upto USD 15 Million to support its business expansion plans and working capital requirements.
It has further informed that it has successfully booked orders worth 4 million USD as part of its ongoing business operations, which is expected to contribute positively to its revenue growth and financial performance in the upcoming quarters.
About the Company
Affordable Robotic & Automation Limited is an automation solution provider for industrial automation needs such as Line Automation, assembly lines, conveyors, robotic inspection stations, pick and place systems, auto assembly stations, hydraulic, gauges, and fixtures. It has a strong order book of Rs. 130 Crores
Its products and services include one-stop parking solutions, industrial automation and warehouse automation one-stop parking solutions, industrial automation, warehouse automation, maintenance services, and many more.
Ace Investor Investment
Ace Investor Vijay Kedia holds a 9.93 percent stake in the company consisting of 11.16 Lakh equity shares. He made a fresh entry into the company in September 2018 by purchasing a 10.53 percent stake in the company consisting of 10.72 lakh equity shares.
Financials and Ratios
Its revenue from operations grew by 2.3 percent from Rs. 43 Crores in H1FY24 to Rs. 44 Crores in H1FY25, accompanied by widening losses of Rs. 7 Crores to Rs. 12 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 5.71 percent and a return on capital employed (ROCE) of 7.55 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.41.
Written by: Bharath K.S
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