During Friday’s trading session, the shares of one of the major manufacturers and exporters of metals including aluminium, surged nearly 11.4 percent to Rs. 26.25 on BSE, after the company secured export orders worth Rs. 56 million from an international entity.
With a market capitalization of Rs. 64 crores, at 11:00 a.m., the shares of Sacheta Metals Limited were trading in the green at Rs. 25.61, up by 8.7 percent, as against its previous closing price of Rs. 23.56.
What’s the News:
According to the latest regulatory filings with the BSE, Sacheta Metals Limited received a new export order worth Rs. 56 million from the international entity (ies). The order is for the export of aluminium utensils, with a shipment time of 120 days.
Previous News:
On 3rd September, the Board of Sacheta Metals scheduled a meeting on 20th September to sub-divide or split the shares of the company from the face value of Rs. 10 each to Rs. 2 each.
Financials:
The company experienced a fall in its revenue from operations, showing a year-on-year decline of around 11.2 percent from Rs. 19.8 crores in Q1 FY24 to Rs. 17.6 crores in Q1 FY25.
However, its net profit increased marginally during the same period from Rs. 0.33 crores to Rs. 0.34 crores, indicating a growth of nearly 3.03 percent YoY.
Stock Performance
Shares of Sacheta Metals have delivered positive returns of nearly 32.2 percent in one year as well as around 13.8 percent in the last six months. So far in 2024, the stock has given about 23.6 percent of positive returns.
About the Company:
Sacheta Metals Limited is engaged in the business of manufacturing and exporting aluminium, stainless and mild steel houseware kitchenware utensils – casting – sheet – coils – circles, non-stick cookware – pressure cookers, foil chaquered sheets, PP caps/slug & other houseware & also stainless-steel kitchenware in India.
Written by Shivani Singh
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