Penny stock engaged in the business of manufacturing and selling wires, cable wires, conductors and many more jumped 9 percent in the day’s trade upon receiving a new work order worth Rs. 5.55 Crores.
Price Action
With a market capitalization of Rs. 107 Crores, the shares of Marco Cables & Conductors Limited were trading at Rs. 57.35 per equity share, from its previous day’s close price of Rs. 56.15
What Happened
Marco Cables & Conductors Limited has received two purchase orders from Sham Electropower Private Limited for a total consideration of Rs. 5.55 Crores for the supply of LT AB Cable 3 x 70 + 16 + 50 sq mm and the work order should be executed within 3 months.
About the company
Marco Cables & Conductors Limited is engaged in the business of manufacturing and selling wires, cable wires, conductors, and many more used for applications like distribution and transmission of power.
Marco Cables & Conductors Limited’s product portfolio includes XLPE/PVC cables, Aerial Bunched Cables, Aluminum Alloy Conductors, Aluminum Conductor Steel Reinforced Conductors, and many others.
Financials and Ratios
Its revenue from operations grew by 27.31 percent from Rs. 56.28 Crores in FY23 to Rs. 71.65 Crores in FY24, accompanied by profits of Rs. 2.81 Crores to Rs. 3.04 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 19.5 percent, and a return on capital employed (ROCE) of 19.3 percent. It has reported a debt-to-equity ratio of 1.48.
Written by: Bharath K.S
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