The share price of this prominent Pharma company increased by 14 percent after the company recieved a work order from an International client.
With a market capitalization of Rs 60.94 crores, at 2:00 pm ., the shares of Shelter Pharma Ltd moved up by 7.57 percent, trading at Rs 52.72 a piece on Thursday’s afternoon session.Comparing today’s high of Rs 55.89 per share and to a previous close of Rs 49.01 per share, the shares surged by 14 percent.
The changes in the share prices were observed after the company received a work order from Berlin International Medical. The work order states that Shelter Pharma has to export medicines named D3Cure 50 ml ( 30000 pieces), FerroCure Capsule (30000 pieces), Cough Nill 200ml ( 10000 pieces), stonyl (10000 pieces) and Roya Forte Capsule (10000 pieces) to the international client.
The order has been awarded from an international entity based in Kuwait.The time period mentioned in the contract for the order to be executed is 3 months .The worth of the order is estimated to be $1,20,000 and the nature of the order is termed as fixed cost.
Taking a look into the financials of Shelter Pharma Ltd , The revenue from operations increased by 7.2 percent from Rs. 19.31 crores in H1FY24 to Rs. 20.71 crores in H2FY24. On a year-on-year basis, it increased by 10.7 percent from Rs. 36.15 crores in FY22-23 to Rs 40.02 crores in FY23-24.
The net profits of the company also witnessed an increase by 0.64 percent from Rs 3.10 crores in H1FY24 to Rs 3.12 crores in H2FY24. On a year-on-year basis, it increased by 7.2 percent from Rs. 5.78 crores in FY22-23 to Rs 6.20 crores in FY23-24.
The company derives it’s revenues from various types of products which are primarily categorized based on human health care and vetinary health care.
The human health care includes products such as tablets, syrups, and ointments. The veterinary health care products includes capsules, agrical and digesta powder ,anical oral, etc.
This stock has been listed on 23rd August 2023. The shares of this company generated an overall return of more than 25.64 percent over the past one year.
As of March 2024, its shareholding pattern stood at 56.89 percent for the promoters and 43.11 percent for public.
Incorporated in 2007, Shelter Pharma Ltd Ltd primarily focuses in the manufacturing of ayurvedic and herbal products with a well-built presence in Human Pharma as well as Veterinary space. The firm was originally named as Shelter Pharmacy.
Written By Zahal
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