Shares of this microcap company clocked 5 percent upper circuit after receiving a contract from ITD Cementation for the Adani Renewable Energy work site. The shares have delivered a whopping 509 percent returns to its shareholders in one year.
With a market capitalization of Rs. 80.2 crores, the shares of Trishakti Industries Ltd started Tuesday’s trading session on a higher note at Rs. 54.81, clocking a 5 percent upper circuit compared to its previous close of Rs. 52.20 apiece.
Such a bullish movement in the share price was observed after the company in an exchange filing announced that it had awarded a contract by ITD Cementation for the Adani Renewable Energy work site. Under this contract, the company is to deploy entirely new heavy industrial equipment as a rental for a long-term contract.
Looking at the company’s financial statements, the revenue zoomed by 67 percent from Rs.32.33 crores during the December quarter to Rs. 53.84 crores in the March quarter. On the other hand, the net profits decreased by 8 percent from Rs. 25 lakhs to Rs. 23 lakhs during the same period.
Previously, the company ventured into the infrastructure sector by introducing a new fleet of cranes and other heavy equipment. Subsequently, they secured contracts for esteemed projects with Larsen & Toubro (L&T) and Rail Vikas Nigam Limited (RVNL) for the Kolkata Metro expansion. This endeavour is expected to result in a substantial annual profitability increase exceeding Rs. 20 million.
As per the latest shareholding pattern, the Promoters possess 36.45 per cent of the company’s shares, indicating their substantial ownership stake. Conversely, Retail Investors collectively hold 63.56 per cent of the shares, denoting significant participation from individual investors in the company’s ownership.
In terms of key financial metrics, the company reported a return on equity of 6.31 percent and a return on capital employed of 10.82 percent for the period spanning FY22-24. Additionally, the net profit margin stood at 0.51 percent during the same timeframe.
Headquartered in West Bengal, Trishakti Industries was incorporated in 1985. It is a a multiple business sector company including sectors of logistics & infrastructure, Oil & Gas, Food related items and agency service provider companies worldwide and in India.
Written By Vaibhav Patil
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