The share price of a firm that is specialized in the business of electro-mechanical repair and rewind services. went up around 2 percent to an Intraday high of Rs 323 per share on Tuesday after the company received an order worth Rs 5.20 crores from a domestic entity for the repair of a generator.
With a market capitalization of Rs 87.26 crores, the shares of Evans Electric Ltd went up around 2 percent, trading at Rs 318 a piece on Tuesday’s afternoon session, Compared to today’s high of Rs 323.00 per share to a previous close of Rs 318 per share.
According to the company’s stock exchange filings, the firm received a material order worth Rs 5.20 crores from a domestic entity named Bokaro Power Supply Company Ltd to repair their TG 2 55 MW, 11.5 KV, 3000 RPM, hydrogen-cooled generator.
The exchange filings also mention that the time period for which the order needs to be executed is 6 months and the nature of the order is supply and works.
Reviewing the financials of Evan Electrics from a YoY basis, the revenue from operations has gone up by 20.6 percent from Rs 19.13 crores in FY22-23 to Rs 20.67 crores in FY23-24. While the net profits of the firm increased by 38.5 percent from Rs. 3.66 crores in FY22-23 to Rs 5.07 crores in FY23-24.
In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 26.00 percent and a return on capital employed (ROCE ) of 34.01 percent. It has also reported a net profit margin of 24.53 percent for the same time period.
The shares of this company generated a multi-bagger return of 204.4 percent over the past one year and 87.1 percent over the past 6 months.
As of March 2024, the firm’s shareholding pattern stood at 59.44 percent for promoters, 40.12 percent for the public, and 0.44 percent for foreign institutional investors.
Incorporated in 1951, Evans Electric Ltd is an Electro-Mechanical Repair and Rewind Service company. The firm provides repairs, refurbishment, and support services to Power Generation, Distribution, Manufacturing, and Process industries, to all types of Electro-Mechanical equipment that are used in various industries.
Written By Zahal
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