Defence stock engaged in designing, manufacturing, and supplying precise tooling, components, and automation solutions for the aerospace and defence industries hit a 5 percent upper circuit in the day’s trade upon receiving a work order worth Rs. 2.46 Crores from Hindustan Aeronautics Limited
Price Action
With a market capitalization of Rs. 372 Crores, the shares of Techera Engineering (India) Limited hit a 5 percent upper circuit in the day’s trade at Rs. 224.90 per equity share, from its previous day’s close price of Rs. 214.20.
What Happened
Techera Engineering (India) Limited engaged in designing, manufacturing, and supplying precise tooling and components for the aerospace and defence industries, has received a new work order from Hindustan Aeronautics Limited Aircraft Division, Nashik.
The said work order’s scope of work involves machining, inspection, and delivery of parts to Hindustan Aeronautics Limited as per drawings and technology provided for a consideration of Rs. 2.46 Crores and it is to be executed within 24 months.
About the Company
Techera Engineering (India) Limited is engaged in designing, manufacturing, and supplying precise tooling, components, and automation solutions for the aerospace and defence industries
Its product portfolio includes assembly tooling, jigs, fixtures, maintenance, repair, and overhaul (MRO) tooling, ground support equipment, precision-machined components, and many more.
Financials & Ratios
Its Revenue from operations grew by 46.61 percent YoY from Rs. 26.43 Crores in FY23 to Rs. 38.75 Crores in FY24, accompanied by profits of Rs. 1.31 Crores to Rs. 4.82 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 23.47 percent and a return on capital employed (ROCE) of 30.33 percent. It has reported a debt-to-equity ratio of 0.9.
Written by: Bharath K.S
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