The shares of the chemical product manufacturer hit 5 percent upper circuit of Rs 51.04 per share after the company bagged a work order from Mahindra Holidays and Resorts India Limited for Rs 1.05 crore.
With a market capitalization of Rs 38.17 crore, the shares of TCM LTD were trading at Rs 51.00 per share, increasing around 4.92 percent as compared to the previous closing price of Rs 48.61 per share.
Reason for rise:-
The company shares have seen positive movement after TCM LTD bagged a work order from Mahindra Holidays and Resorts India Limited for the Design, Supply, Installation, and Commissioning of 250 KWp Grid connected SPV Power Plants at Club Mahindra Resort, Rs 1.05 crore.
Financial performance:-
Examine the company’s financial condition, revenue zoomed by 31 percent from Rs 5.04 crore in Q2FY24 to Rs 6.90 crore in Q2FY25, and during the same time frame, net loss contrast from Rs 1.74 crore to Rs 0.63 crore.
Recent order:-
TCM Limited has received a work order from Mahindra Holidays and Resorts India Limited to install a 300 KWp grid-connected solar power plant at Club Mahindra Resort in Cherai Beach, Kerala, valued at approximately ₹1.26 Crores. The project is to be completed within 60 days of the order date (October 8, 2024).
Key terms include a yearly guaranteed generation of 4 units per KW, a 10-year warranty on solar panels, a 25-year performance warranty, and a 7-year warranty on inverters. Payment consists of 20% upon material delivery, 75% upon project completion with certification, and a remaining 5% retention amount for two years.
Shareholding Pattern:-
As of the Septmber quarter, shareholding pattern the company promoters own 49.51% stake, while Foreign institutional investors have no stakes in the company, Domestic institutional investors own 7.44% of the company, and retail investors hold 43.05% stake in the company.
Ratio analysis:-
The company’s critical ratios show that the return on equity recovered from (13.02) percent in FY22-23 to (6.77) percent in FY23-24, while the return on capital employed recovered from (8.09) percent to (4.43) percent. The net profit margin (NPM) for fiscal year 23-24 is (7.10) percent.
Company snapshot:-
TCM Limited is an India-based company engaged in the trading and manufacturing business of medical products, trading, and manufacturing of global positioning system-enabled automatic headlight beam assist systems for vehicles under the brand name of ENSO.
Written by:- Abhishek Singh
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