This Microcap stock was up 4.4 percent intraday after the company received an order worth Rs. 0.98 crore for Redevelopment purposes.
Price Action
With a market capitalization of Rs. 48.02 Crores, the shares of Shrydus Industries Limited were up by 4.47 percent in the day’s trade. The stock touched a day’s high of Rs. 15.19 per share which was 4.47 percent higher from the previous closing price of Rs. 14.54. The stock reiterated from the day’s high and was trading at Rs. 15 per share which is 3.16 percent higher from the previous closing price of Rs. 14.54. The stock has delivered a negative return of 45 percent in the past basis and has underperformed the Nifty Index.
What Happened
The company received an order from Rupindersingh Arora residing in Arora House has placed a work order for the redevelopment of the house situated in Mumbai. The order contains proposed civil construction works for the redevelopment of the building. The total contract value of the project is Rs. 0.98 crore.
About the Company
Shrydus Industries Limited, formerly known as VCK Capital Market Services Ltd, was established in 1991 and operates primarily as a SEBI-approved Category-I Merchant Banker. They offer specialized financial services including project appraisals, resource raising, and facilitating tie-ups with financial institutions. Shrydus is involved in trading agricultural commodities and has a pharmaceutical division specializing in tablets and capsules, emphasizing a multi-faceted approach to growth and profitability. They conduct project appraisals, raise resources, and engage in structural planning while facilitating partnerships with financial institutions and potential investors.
Financials & Ratios
Its Revenue from operations increased by 62.79 percent year on year to Rs. 3.50 crore in Q2FY25 rising from 2.15 crore in Q2FY24. However, Profit after Tax (PAT) in the same period increased by 1,416 percent at Rs. 2.73 crore increased from Rs. 0.18 crore a year ago.
In terms of return ratios, the return on equity ratio in FY24 stood at 4.22 percent, and the return on capital employed stood at 2.78 percent. The return on assets stood at 3.11 percent.
Shareholding Pattern
As of September 2024, the shareholding pattern with the promoter’s stake holding a share of 25.86 percent in Shrydus Industries and public holdings standing at 74.14 percent.
Written by Santhosh S
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