Arfin India Ltd is a company engaged in manufacturing aluminum products that received an order from Saudi Basic Industries Corporation (“SABIC”) for the supply of 18,000 MT of Aluminium Deox. The supply is set to be completed in phases of four years. The value of the contract is Rs 350 Crores (USD 39.97 million).
The BSE-listed shares were trading 1 percent lower in the second half of Tuesday’s trading session at Rs 27 levels. In the past five days, the shares have zoomed by approximately 14 percent.
Arfin India Ltd commenced its operations in the year 1992 as an NBFC (Non-Banking Financial Company). Later it changed its nature of business and transitioned to the manufacturing of aluminum products such as Aluminum Wire Rods, Aluminum Automobile Components, Aluminum Power Conductors, and Cables among others.
On a longer time frame, the shares of the company have delivered a multibagger return of 255 percent in a year as the price has risen from Rs 7.61 a piece in January 2022 up to the current levels. An investment of Rs 1 lakh at the beginning of the year would be worth Rs 3.55 lakh today.
In Q2FY23, the company reported a total revenue of Rs 125.9 Crore as against Rs 132.33 Crore which they earned in the same period a year ago. In the quarter under review, their net profit stood at Rs 2.61 Crore which grew sideways from Rs 2.37 Crore in Q2FY22.
The small-cap stock has a market capitalization of Rs 425 Crore. In addition to that, the promoters hold a 74.11 percent stake in the company and have pledged zero shares.
Written by Anoushka Roy
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