The shares of this micro-cap stock hit 5 percent upper circuit of Rs 363.65 apiece after the company received a purchase order worth Rs 55 crore from Megha Engineering & Infrastructures Ltd.
With a market capitalization of Rs 899.48 crore, the shares of Atmastco Limited were trading at Rs 363.65 per share, increasing around 4.99 percent as compared to the previous closing price of Rs 346.35 apiece.
Matter explanation:-
According to the company filing, Atmastco Limited received a purchase order from Megha Engineering & Infrastructures Ltd. of Rs. 55 crores for the supply and fabrication of a warehouse structure for Indian Oil Corporation Limited (IOCL) Poly Propylene Unit OPU)- Gujarat refinery.
Financial performance:-
Examining the company’s financial performance, revenue plummeted by 7 percent from Rs 242 crore in FY22-23 to Rs 224 in FY23-24, however during the same period, net profit magnified by 23 percent from Rs 13 crore to Rs 16 crore.
Remarkable return:-
The stock has delivered a return of 58 percent in one month and a multi-bagger return of 245 percent in a year. If an individual invested Rs. 1 lakh a year ago in the company would be worth Rs. 3.45 lakh now.
Product portfolio:-
It serves a wide range of sectors, including power plants, refineries, steel plants, railways, cement plants, industrial and infrastructure, chemicals, pharmaceuticals, petrochemicals, refineries, electricity, oil and gas exploration, and so on.
Ratio analysis:-
The company’s critical ratios show that the return on equity decreased from 23.14 percent in FY22-23 to 15.13 percent in FY23-24, while the return on capital employed decreased from 25.54 percent to 20.86 percent. The net profit margin (NPM) for fiscal year 23-24 is 7.29 Percent.
Company profile:-
Atmastco Limited manufactures precise equipment and heavy fabrication structures for a variety of industrial applications. These goods include ceiling girders, railway girders, columns and bracings, bolted structures, equipment and pressure ducts, box columns, and more.
Written by:- Abhishek Singh
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