On Wednesday’s trading session, the shares of a company specialising in building high-production multi-cavity moulds hit a 5 percent upper circuit on BSE to Rs. 14.86, after the company received an international order worth Rs. 150 crores.
With a market capitalisation of Rs. 173.4 crores, the shares of Gujarat Toolroom Limited opened at Rs. 14.09, as against its previous closing price of Rs. 14.16.
What’s the News:
Gujarat Toolroom Limited informed the Bombay Stock Exchange (BSE) about securing a significant impex order valued at Rs. 150 crores.
The order is anticipated to yield an operating profit margin ranging between 5 percent and 10 percent and will be executed in the current quarter.
In addition to this substantial international order, the company is actively pursuing further domestic Impex opportunities and expects additional orders in the coming weeks.
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Previous News:
On 23rd May, the Board of Gujarat Toolroom approved the issue of equity shares of the company by way of a rights issue. The company planned to issue up to 6.11 crore equity shares at an issue price of Rs. 8 per share, with a face value of Rs. 1 each.
The rights issue was aimed at raising funds up to Rs. 48.8 crore. The subscription for the rights issue opened on 14th June 2024 and closed on 12th July 2024.
Further, on 6th July, the company’s Board approved the raising of funds for an amount up to Rs. 200 crores by way of a Qualified Institutions Placement (QIP).
On April 8th, the company’s Board approved the interim dividend of 100 percent, that is, Re. 1 per equity share.
Financials:
The company experienced significant growth in its revenue from operations, showing a year-on-year rise of nearly 5973.2% from Rs. 1.64 crore in Q4 FY22-23 to Rs. 99.6 crore in Q4 FY23-24.
Similarly, its net profit increased during the same period from Rs. 0.73 crore to Rs. 0.91 crore, indicating a growth of 24.6 percent YoY.
The company reported a net profit margin of 5.02 percent in FY23-24 decreasing from 57.6 percent in FY22-23 and an operating margin of 5.82 percent falling from 70.06 percent, over the same period.
Shareholding Pattern:
As per the shareholding pattern of June 2024, the Retail Investors hold a 99.72 percent stake in the company, while Domestic Institutional Investors (DII) hold 0.28 percent in Gujarat Toolroom.
About the Company:
Gujarat Toolroom Limited is engaged in the business of the development and operation of mines and minerals and other allied activities.
The company also manufactures syringe molding and manufacturing of molds, and specialises in molds for medical disposables, pharmaceutical, food, and beverage packaging, caps, closures, and writing instruments.
Written by Shivani Singh
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