Small-Cap stock engaged in the business of manufacturing, refurbishing, and selling electrodes, coatings, and electrochemical solutions jumped 19 percent in the day’s trade upon receiving a work order worth Rs. 38.71 Crores from Nuclear Power Corporation of India Limited.
With a market capitalization of Rs. 1,029 Crores, the shares of De Nora India Limited were trading at Rs. 1,939 per equity share, up 16 percent from its previous day’s close price of Rs. 1,673.
What Happened
De Nora India Limited has received a new work order from Nuclear Power Corporation of India Limited, Mumbai for a consideration of Rs. 38.71 Crores that is to be completed within 24 Months.
The said work order is for the Supply of 12 pieces of De Nora made fully assembled Seaclor Electrolysers, 4 pieces CS Fabricated Skid Complete with FRP/GRS Junction Box. It also includes Dismantling, installation, and commissioning of 4 sets of Electrolysers and skids supplied to them.
About the company
De Nora India Limited is engaged in the business of manufacturing, refurbishing, and selling electrodes, coatings, and electrochemical solutions. It is primarily engaged in manufacturing electrolytic products, such as anodes, cathodes, electro-chlorinators, and water technology products.
Its product portfolio includes technologies for the production of chlorine, caustic soda and derivatives, coating solutions, Analyzers & Detectors, Anodes for Chlorine Evolution, Anodes for Oxygen Evolution, Disinfection Systems, Electro chlorination Systems, related accessories, and many more.
Financials and Ratios
Its revenue from operations declined by 41.44 percent from Rs. 27.63 Crores in Q4FY23 to Rs. 16.18 Crores in Q4FY24, accompanied by profits of Rs. 12.32 Crores to Rs. 5.66 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 17.2 percent and a return on capital employed (ROCE) of 22.8 percent. It is a debt-free company as it has reported a debt-to-equity ratio of 0.
Written by: Bharath K.S
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