.

follow-on-google-news

Multibagger Aerospace & Defence manufacturer, which is a qualified Indian Offset Partner for defence production, hits 2 percent upper circuit after it bags additional orders worth Rs. 33.50 crores. 

At the day’s trade the shares of Sika Interplant Systems hit 2 percent upper circuit at Rs. 1,196.45 a piece and the company’s market capitalization Rs. 507 Crore. 

As per the company’s filing, Sika Interplast Systems has bagged additional new orders for advanced engineering products and services, for a consideration of Rs. 33.50 Crore and with the recent orders its cumulative order book since the start of FY23-24 stands at Rs. 150.50 Crores. 

The company’s revenue decreased 38.77 percent from Rs. 98 Crore in FY22 to Rs. 60 Crore in FY23, accompanied by decreasing profits of Rs. 16 crore to Rs. 8 Crore. 

It has reported a return on equity (ROE) of 10.29 percent and a return on capital employed (ROCE) of 14.03 percent, the company is making decent returns on its equity and capital employed and its profitability has decreased from its last year. 

According to the latest shareholding data available for the June 2023 quarter, the company’s Promoters hold 71.72 percent stake, the Domestic Institutional Investors hold 0.00 percent and the Foreign Institutional Investors (FII) hold 2.42 percent. 

Sika Interplant Systems Limited is an engineering driven company focused on providing products, systems and services to Aerospace & Defence sectors in India. It is a qualified Indian Offset Partner with a licence for defence production from the Government of India. 

Written by: Bharath K.S

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

×