Micro-cap stock jumps marginally in the day’s trade after it bags an order worth Rs. 8.30 Crores for executing an all purpose work for a power plant, submerged arc furnace and a SMS unit under expansion.
At 10:45 a.m the shares of Chaman Metallics Limited were trading at Rs. 65.40 down 0.83 percent from its previous day close price of Rs. 65.95 and its market capitalization is Rs. 157 Crores.
As per the company’s filing, Chaman Metallics have secured an order from a leading crane manufacturer for designing, engineering,manufacturing, testing, loading, supply, packing forwarding and supervision of erection and commissioning of cranes for power plant, submerged arc furnace and SMS unit under expansion project for a consideration of Rs. 8.30 Crores.
The company’s revenue grew 23.12 percent from Rs. 184.87 Crores in FY22 to Rs. 227.62 Crores in FY23, accompanied by increasing profits of Rs. 8.19 Crores to Rs. 17.1 Crores.
It has reported a return on equity (ROE) of 29.75 percent and a return on capital employed (ROCE) of 31.73 percent, it is making good returns on its equity and capital employed.
Chaman Metallics Limited is primarily engaged in the business of manufacturing and selling of deduced iron and its products include sponge iron, ferro alloys, MS Ingot, Re-rolled Products and spheroidal graphite cast iron, power and cast iron.
Written by: Bharath K.S
