With a market capitalisation of Rs. 167 crores, the shares of the company started Monday’s trading session on a lower note at Rs. 150.80, compared to the previous close of Rs. 153.85.
Within a few minutes of the opening bell, the shares hit a 2 percent lower circuit at Rs. 150.80. The shares have delivered 85 percent to its shareholders in one year.
Looking at the latest financial statements published by Banka Bioloo Ltd, the revenues and profits have shown a positive movement.
The revenue increased by around 38 percent from Rs. 8.28 crores during the June quarter to Rs. 11.45 crores during the September quarter. In addition, during the same period, the net profits showcased a transition from a net loss of Rs. 2.33 crores to a net profit of Rs. 1.22 crores. The company is set to announce their quarterly results on 9 February 2024.
Looking at the important financial ratios, the return on equity (RoE) decreased from 8.16 percent during FY21-22 to 7.57 percent in FY22-23. On a contrasting note, the return on capital employed (RoCE) increased from 10.95 percent to 11.74 percent during the same period. Moreover, the net profit margin decreased marginally from 7.91 percent during FY21-22 to 7.29 in FY22-23.
According to the latest shareholding pattern, Promoters have a 55.19 percent stake and the remaining 44.81 percent shares are with the Retail Investors.
The company develops India’s water, sanitation, and hygiene infrastructure and services. It provides sanitation infrastructure and turnkey, human waste management solutions and services.
The company partners with governments, non-profit organisations, businesses, and communities to implement sustainable WaSH projects in unserved and underserved areas.
Furthermore, it constructs wastewater treatment and conservation plants, installs sanitation facilities for biowaste management, and develops reliable water supply systems.
Additionally, Banka BioLoo has a strong presence in the water, sanitation, and hygiene (WaSH) industry, and it is recognized as a market leader in this sector
Banka BioLoo Ltd serves a diverse and strong client base in India, including Indian Railways, Integral Coach Factory, TSIIC, Government of Telangana, NEIT, GAIL, International Paper, Larsen & Toubro, Havells, Govt of Andra Pradesh, Shapoorji Pallonji and many more.
The company provides sanitation infrastructure and turnkey, human waste management solutions and services, involving innovative and simple bio-digester technology patented by DRDO.
It is a licensee (through the transfer of technology) and has partnered with DRDO for technology commercialization for large-scale deployment of sanitation systems.
Written By Vaibhav Patil
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