Penny stock engaged in the business of Real estate, Renting of immovable properties and Investment business jumped upto 5 percent in the day’s trade upon signing startegic lease agreement with Delhivery Limited.
Price action
With a market capitalization of Rs. 85 Crores, the shares of Sam Industries Limited were trading at Rs. 76.30 per equity share, up 3 percent from its previous day’s close price of Rs. 74 .
What Happened
Sam Industries Limited has entered into a lease agreement with Delhivery Limited for providing a warehouse situated at Village Dakachiya, Tehsil sanwer, A. B. Road, lndore Madhya Pradesh on lease basis for 9 years with lock in period of three years for Delhivery Limited’s business operations.
In Additon it has recently entered into a Lease Agreement with N.M. Fashion Designs Private Limited for providing a portion of premises named Shivaay One, situated at 2, Yeshwant Niwas Road, lndore – 452003, on lease for nine years with lock in period of thirty-six months
About the Company
Sam Industries Limited is engaged in the business of Real estate including undertaking of township, hospitality and other projects, Renting and leasing of immovable properties, machines and others like building, plant, warehouse, machinery, others and is also involved in Investment business.
Financials & Ratios
Its Revenue from operations grew by 42 percent from Rs. 1.91 Crores in Q1FY24 to Rs. 2.71 Crores in Q1FY25, accompanied by profits of Rs. 33 Lakhs to Rs. 1.53 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 17.6 percent, and a return on capital employed (ROCE) of 16.9 percent. It has reported a debt-to-equity ratio of 0.39.
Written by: Bharath K.S
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