The shares of this microcap company locked a 20 percent upper circuit in Monday’s trading session after announcing an increase in net profits by 5,450 percent.
Price Movement:
With a market capitalization of Rs. 61.4 crores, the shares of Shrydus Industries Ltd started Monday’s trading session on a higher note at Rs. 17 compared to its previous close of Rs. 15.98. During the trading session, the shares locked a 20 percent upper circuit at Rs. 19.17 apiece.
What Happened:
Such a bullish movement in the share price was observed after the company announced strong financial results for the quarter ending September 2024.
Quarterly, the revenue zoomed by around 247 percent from Rs. 1.01 crores during the June quarter to Rs. 3.5 crores in the September quarter. In addition, the magnified by 5,340 percent from Rs. 4.94 lakhs to Rs. 2.72 crores during the same timeframe.
On a YoY basis, the revenue jumped around 63 percent from Rs. 2.15 crores during Q2FY24 to Rs. 3.5 crores in Q2FY25. On the other hand, the net profits surged by 1,411 percent from Rs. 18.32 lakhs to Rs. 2.72 crores during the same period.
Business Ventures:
Pharmaceutical: The company operates a manufacturing facility in Gujarat that produces tablets and capsules, with over 468 registered products. It is equipped to manufacture a wide range of medications and holds approvals from various national drug authorities in East Africa.
Healthcare: Shrydus Industries manufactures both adult diapers and baby diapers, catering to the growing demand in the hygiene products market. These products are designed for comfort and convenience, addressing the needs of various consumer segments.
Furthermore, the company has ventured into the sanitary napkin market, targeting India’s vast menstruating population, which numbers approximately 35.5 crore women.
Real Estate: Shrydus Industries is recognized as a prominent real estate developer in Mumbai. The company has successfully completed over 50 projects and developed 4 townships. Currently, there are 3 projects in progress.
Green Energy sector: Shrydus Industries Ltd is actively venturing into the Green Energy sector, which is seen as a natural extension of its diverse business operations.
Important Financial Ratios:
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 8.79 percent and a return on capital employed (RoCE) of 3.10 percent for the period spanning FY23-24. Further, the net profit margin stood at 5.54 percent during the same timeframe.
Shareholding Pattern:
According to the latest shareholding pattern, the Promoters hold a stake of 25.86 percent, and Retail Investors hold the remaining 74.14 percent stake.
Written By Vaibhav Patil
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