This Micro-cap Construction and Engineering company’s shares rose 3.5 percent to Rs 196 a share after the company won an order worth Rs 29.89 lakhs for the application of Sunbless Multifunctional coating.
At 11:50 a.m. on Friday, Last Mile Enterprises Ltd shares were trading at Rs 196 a share on the Bombay Stock Exchange, up 3.51 percent from the previous close price. The company has a market capitalization of Rs 258 crore.
According to the company’s exchange filing, the Company has received two work orders worth Rs 29.89 lakhs for the application of Sunbless Multifunctional coating from J. Kumar Infra Projects Limited (IKIL) valued at Rs. 18.12 Lakhs and Sun Pharmaceutical Medicare Limited valued at Rs 11.77 Lakhs.
The Company’s return on equity increased from 30.91 percent in FY22 to 35.24 percent in FY23, while the return on capital employed rose from 13.02 percent to 32.64 percent during the same period.
The company shares have delivered a multibagger return of 100 percent in six months. An investment of Rs 1 lakh in the company would be worth Rs 2 lakh in six months.
In the recent financial year, the company reported a net profit margin of 9.15 percent and an operating profit margin of 15.81 percent.
As per the latest shareholding pattern, promoters hold a 60.77 percent stake in the company, while retail investors hold 38.89 percent
Last Mile Enterprises is in the business of Construction and Engineering and the Company is also in the business of trading and investing in shares & securities.
Written by Omkar Chitnis
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