Multibagger stock engaged in the mining of rough stones and manufacturing of aggregates and manufacture-sand, providing EPC and other services jumped upto 6 percent in the day’s trade following the expansion of business operations by acquiring a stone quarry.
Price Action
With a market capitalization of Rs. 937 Crores, the shares of Vishnusurya Projects and Infra Limited were trading at Rs. 381.05 per equity share, up 4 percent from its previous day’s close price of Rs. 365.50. It has delivered a multibagger return of 422 percent in a year.
What Happened
Vishnusurya Projects and Infra Limited have entered into an Agreement for Sale today regarding the purchase of an Aggregates unit of an existing Stone Quarry & Crusher plant situated in Hosur. It is located in Kariasandhiram Village Soolagiri Taluk, Krishnagiri District, with over 79.20 acres of land and an installed Crusher Production Capacity of 15.75 Lakhs MT per annum.
On acquisition of this Hosur unit, Vishnusurya Projects, and Infra Limited’s total production capacity will be roughly 40 Lakhs MT per annum, added to its existing units in Aruppukkottai, Virudhnagar District with an installed production capacity of 9.80 Lakhs MT per annum and second one in Vandavasi, Tiruvannamalai District with an installed production capacity of 13.75 Lakhs MT per annum.
About the Company
Vishnusurya Projects and Infra Limited is engaged in the mining of rough stones and manufacturing of aggregates and manufacture-sand by using Crushing Plants and Sand washing plants.
It offers a diverse range of EPC capabilities in property development and the realty industry such as Commercial and Mixed Development Construction, IT and Institutional Space, Retail (Malls), Offices, Industrial Parks, Residential Projects, and other projects.
It is also engaged in buying, selling, and providing integrated solutions for Drones as a Service for surveillance, mapping, and surveying purposes.
Financials and Ratios
Its revenue from operations grew by 74 percent from Rs. 132 Crores in FY23 to Rs. 231 Crores in FY24, accompanied by profits of Rs. 17 Crores to Rs. 28 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 29.4 percent and a return on capital employed (ROCE) of 34.5 percent. In terms of liquidity ratios, it has reported a debt-to-equity ratio of 0.15.
Written by: Bharath K.S
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