Micro-cap stock that manufacturers ground plates, mould bases and provides CNC Machining, gained marginally in the day’s trade after it received orders worth Rs. 3.54 Crores.
At 2:24 p.m. the shares of Sunita Tools Limited were trading at Rs. 176, up 3.53 percent from its previous day’s close price of Rs. 170, and its market capitalization is Rs. 97 Crores.
As per the company’s filing, Sunita Tools Limited has received an order worth Rs. 3.54 Crores, for the supply of different kinds of Mould Base and it is to be delivered by December 2023.
The products to be supplied are wall-mounting Frame tools, star square wall tile tools, star square tile black mounting plate tool, triangle wall tile tool, triangle tile black mounting plate tool, rectangle wave tile tool, rectangle wave tile black plate tool and polycarbonate transplant core tool, all the products are to be supplied for 1 tonne each.
The company’s revenue grew 58.53 percent from Rs. 8.73 Crores in FY22 to Rs. 13.84 Crores in FY23, accompanied by increasing profits of Rs. 0.81 Crores to Rs. 3.38 Crores.
In FY23 it has reported a return on equity (ROE) of 105.30 percent and a return on capital employed (ROCE) of 37.98 percent, the company is making good returns on its equity and capital employed.
Sunita Tools is into manufacturing ground plates, mould bases and precision CNC Machining and it offers customised solutions to various industries like automotive, Pharmaceuticals, Electronics, consumer goods etc.
Written by: Bharath K.S
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