During Monday’s trading session, the shares of one of the leading infrastructure solutions providers in India surged nearly 4.7 percent to Rs. 147 on BSE, after the company received an order worth Rs. 20 million from ITD Cementation India Limited.
With a market cap of Rs. 215.3 crores, at 02:51 p.m., the shares of Trishakti Industries Limited were trading in the green at Rs. 144.95, up by nearly 3.3 percent, as against its previous closing price of Rs. 140.35.
What’s the news:
According to the latest regulatory filings with the BSE, Trishakti Industries Limited secured a significant contract from ITD Cementation India Limited for Phase 2 of the Chennai Metro Project.
As part of this contract, the company will deploy machines worth Rs. 20 million to support ITD Cementation’s ongoing infrastructure projects, which are scheduled to be completed within 12 months.
Previous Orders:
On 18th September, Trishakti Industries Limited secured the largest contract in the company’s history, which involved the deployment of machinery valued at Rs. 60 million for Jindal Paradip Port Limited to PPEL Limited, a subsidiary of Jindal Group. With this contract, the company has exceeded 50 percent of its projected capital expenditure (capex) for FY25.
Further, on 26th September, the company was appointed as an approved vendor for Tata Steel Limited, highlighting its commitment to providing high-quality infrastructure solutions and positioning it to meet Tata Steel’s extensive operational needs across the country.
On 17th October, the company received a contract from KEC International for the deployment of equipment worth Rs. 25 million for various infrastructure projects.
Financials:
The company reported a decline in revenue from operations, experiencing a year-on-year decrease of nearly 92.2 percent, falling from Rs. 36.4 crores in Q2 FY24 to Rs. 2.85 crores in Q2 FY25.
In contrast, during the same period, the company’s net profit increased from Rs. 0.08 crores to Rs. 0.9 crores, representing a significant growth of around 1025 percent YoY.
Key Financial Ratios:
In terms of key financial metrics, Trishakti Industries has a Return on Equity (RoE) of 6.46 percent and a return on capital employed (RoCE) of 9.88 percent. Additionally, the company’s debt-to-equity ratio stands at 1.16.
Stock Performance:
The stock has delivered multibagger returns of nearly 713.2 percent in one year, as well as around 138.8 percent returns in the last six months. So far in 2024, the shares of Trishakti Industries have given multibagger returns of about 383.3 percent.
About the company:
Incorporated in 1985, Trishakti Industries Limited is a leading infrastructure solutions provider in India with a specialisation in the rental and leasing of heavy earth-moving equipment.
Written by Shivani Singh
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