Shares of this microcap company locked 5 percent upper circuit in Friday’s trading session after venturing into the infrastructure sector and securing major Contracts for Kolkata Metro Projects.
With a market capitalization of Rs. 83.4 crores, the shares of Trishakti Industries Ltd started Friday’s trading session on a higher note at Rs. 56.10 compared to its previous close of Rs. 53.45. Within a few minutes of the opening bell, the shares clocked 5 percent upper circuit at Rs. 56.12 apiece.
Such a bullish movement in the share price was observed after the company in an exchange filing announced that they had foray into the infrastructure sector with a brand new fleet of cranes and other heavy equipment.
Furthermore, the company also highlighted, that they had successfully secured contracts for prestigious projects of Larsen & Toubro (L&T) and Rail Vikas Nigam Limited (RVNL) for the Kolkata Metro expansion, which will lead to a significant profitability growth of over Rs. 20 Million per annum.
Looking at the company’s financial statements, the revenue decreased by 11 percent from Rs. 36.43 crores during the September quarter to Rs. 32.33 crores in the December quarter. On the other hand, the net profits magnified by 213 percent from Rs. 8 lakhs to Rs. 25 lakhs during the same period.
In terms of key financial metrics, the company reported a return on equity of 5.01 percent and a return on capital employed of 6.61 percent for the period spanning FY22-24. Additionally, the net profit margin stood at 0.03 percent during the same timeframe. This suggests a very narrow profit margin, implying that the company’s profitability is extremely low relative to its revenue.
As per the latest shareholding pattern, the Promoters possess 36.45 percent of the company’s shares, indicating their substantial ownership stake. Conversely, Retail Investors collectively hold 63.56 percent of the shares, denoting significant participation from individual investors in the company’s ownership.
The stock has delivered a multibagger return of 320 percent to its shareholders in just six months. For example, if someone had invested Rs. 1 lakh in these shares six months ago, then the worth of those shares would be Rs. 4.20 lakh now.
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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