This Microcap stock which operates in the business of exports, and supplies discharge and Collecting Electrodes, and Electrostatic Precipitator internal parts was in focus after the company announced S.S. Tig Mill machine to improve productional capacity.
Price Action
With a market capitalization of Rs. 103.40 Crores, the shares of Auro Impex & Chemicals Limited were up by 1.76 percent in the day’s trade touching a day’s high of Rs. 86.50 per share. The stock reiterated from the day’s high and was trading at Rs. 84.75 per share which is 0.29 percent lower than the previous closing price of Rs. 85 apiece. The stock has delivered a return of 14 percent and has outperformed the Nifty Index in the past year.
What Happened
The company stock was in focus after they announced the S.S. Tig Mill machine to the factory. This move would help the company to improve productional capacity and efficiency. With the help of supplier technicians, they will start the erection and commissioning of machines to ensure integration into their operations.
About the Company
Auro Impex & Chemicals Limited was established in 1994. They specialize in manufacturing and exporting air pollution control equipment, particularly Discharge and Collecting Electrodes, and internal components for Electrostatic Precipitators (ESPs). They operate with an ISO certification while ensuring high efficiency and quality. Their business model focuses on providing tailored solutions for industries like steel and cement, while also emphasizing sustainable practices to reduce emissions.
Financials & Ratios
The company’s revenue from operations declined by 28 percent year on year from Rs. 173 Crores in H1FY24 to Rs. 124 Crores in H1FY25, accompanied by a profit of Rs. 3 Crores to a profit of Rs. 2 Crores.
The net profit margin stood at 1.97 percent and the debt-to-equity ratio stood at 1.41 as of FY24. The current ratio stood at 1.59 times.
Shareholding Pattern
As of September 2024, the shareholding pattern with the promoter’s stake holding a share of 71.55 percent in Auro Impex & Chemicals, and public holdings standing at 28.45 percent.
Written by Santhosh S
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