The shares of this infrastructure developer company hit a 52-week high and 20 percent upper circuit limit to Rs.452.6 per share after securing orders worth more than Rs.13 crore for infrastructure development.
Price Movement
In Friday’s trading session, Sathlokhar Synergys E&C Global Limited’s share price hit a 52-week high of Rs.452.6, representing a 20 percent rise from its previous close of Rs.377.2. The stock has since moderated and is currently trading at Rs.428 per share.
Reason for the rise
The rise in Sathlokhar Synergys E&C Global Limited’s stock price was driven by the market’s positive reaction to the company’s recent contract win.
The order, from AAA Blue Chip Projects Private Limited, Coimbatore, is for constructing a factory building for GE Oil & Gas India Private Limited on approximately 4.16 acres in Madukkarai Taluk, Coimbatore.
Valued at Rs.13.33 crore (including GST), the project includes civil construction, PEB construction, concrete road works, and mechanical, electrical, and plumbing tasks, with completion expected by April 2025.
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Future growth
The contract win for Sathlokhar Synergys E&C Global Limited will significantly boost its revenue and enhance market perception, and drive investor confidence. Successful execution of the project will also showcase the company’s operational efficiency and expand its service portfolio, positioning it for future growth opportunities.
Financials
Turning to the latest financial figures, Sathlokhar Synergys E&C Global Limited reported net sales of Rs.247 crore for the financial year 2024, marking a substantial increase of 184 percent from Rs.87 crore in FY 2023.
Regarding profitability, the company achieved a Profit After Tax (PAT) of Rs.26 crore in FY 2024, reflecting a remarkable growth of 420 percent compared to Rs.5 crore in FY 2023.
Ratio Analysis
Sathlokhar Synergys has demonstrated strong financial performance with notable ratios. The Return on Capital Employed (ROCE) stands at 117 percent, while the Return on Equity (ROE) is 95.4 percent.
Additionally, the company has a solid current ratio of 1.57 and an Earnings Per Share (EPS) of Rs.131.
Company Profile
Sathlokhar Synergys E&C Global Ltd is an integrated Engineering, Procurement, and Infra Turnkey Construction (EPC) company, offering services from design and planning to execution and commissioning. It specialises in Mechanical, Electrical, Plumbing (MEP) installations, HVAC, and Utilities.
Written by – Siddesh S Raskar
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