The shares of this micro-cap firm rose by 5% to ₹107 per share on Monday following a ₹12.49 crore order from both domestic and international clients.
On Monday, at 1:10 p.m. the shares of Global Pet Industries Ltd were quoted at ₹104 a share, up 1.96 percent on the National Stock Exchange, The company has a market capitalization of ₹101 crores.
What News:
The Global Pet Industries Ltd received a work order valued at ₹12.49 crores from multiple Domestic and International Entities for supplying pet stretch molding machines along with other components, as per the Global Pet Industries’ exchange filing.
About the company:
Global Pet Industries Limited is a manufacturer and exporter of Two Stage PET Stretch Blow Moulding Machines. Global Pet Industries Ltd has 2 manufacturing units located in Palghar, Maharashtra.
Global Pet Industries Ltd specializes in manufacturing PET Stretch Blow Moulding Machines designed for producing PET bottles ranging from 50ml to 20 liters.
These bottles include fridge bottles, packaged drinking water bottles, carbonated soft drink bottles, hot fill juice bottles, edible oil bottles, liquid detergent bottles, cosmetic product bottles, confectionery jars, pharmaceutical bottles, liquor and distillery bottles, and pesticide bottles, among others.
Domestically, Global Pet Industries Ltd operates in 19 states. Internationally, the company supplies its products to 19 countries, including Cameroon, the Central African Republic, Ghana, Haiti, Kenya, Mozambique, Nigeria, Nepal, Qatar, South Africa, Tanzania, Tunisia, the UAE, Uganda, Liberia, the United States, Bhutan, Zambia, and Zimbabwe.
Global Pet Industries Ltd generates 36% of its total revenue from exports and 64% from the domestic market.
Financials:
Global Pet Industries Ltd has seen its operational revenue rise by 14% year-on-year, from ₹34.37 crores in FY22-23 to ₹39.15 crores in FY23-24. Additionally, net profit increased by 3%, from ₹2 crores to ₹2.06 crores. The company’s shares have gained 10% year-to-date and 9% in the past month.
In FY24, the company reported a return on equity of 8.42%, a return on capital employed of 10%, and a net profit margin of 5.26%.
Written by Omkar Chitnis
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.
