Penny stock engaged in manufacturing Metro Rail Rolling Stock Products, Railway Signaling Products, Infrastructure Products, and many more related to it, hit a 5 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 2.28 from BEML Limited.
Price Action
With a market capitalization of Rs. 86.13 Crores, the shares of Presstonic Engineering Limited hit a 5 percent upper circuit at Rs. 111.75 per equity share, from its previous day’s close price of Rs. 106.45.
What Happened
Presstonic Engineering Limited engaged in manufacturing and supplying Metro Rail Rolling Stock Products, Railway Signaling Products, Infrastructure Products, and many more related to it, has received a new work order from BEML Limited for the supply of Seat Kit Items for BMRCL-5RSDM Project for a consideration of Rs. 2.28 Crores.
About the Company
Presstonic Engineering Limited manufactures Metro Rail Rolling Stock Products, Railway Signaling Products, Infrastructure Products, and many more related products and supplies them to the Global and Domestic OEMs engaged in the Rail and Metro Rail Rolling stock and Signalling equipment manufacturing and servicing companies.
Presstonic Engineering Limited has also diversified in manufacturing Premium Kitchen Oven Parts for customers in North America, and it has tendered bids for manufacturing certain defence parts and equipment.
Financials and Ratios
Its revenue from operations declined by 78 percent from Rs. 14.25 Crores in H1FY24 to Rs. 3.08 Crores in H1FY25, accompanied by a profit of Rs. 1.4 Crores to a loss of Rs. 4.43 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 10.7 percent, and a Return on capital employed (ROCE) of 21.97 percent. It has reported a debt-to-equity ratio of 0.57.
Written by: Bharath K.S
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