The shares of the leading automotive component manufacturers gained up to 2 percent after the company signed a Memorandum of Understanding for the acquisition of 55 acres of industrial land with an investment of Rs 2,100 crore.
With a market capitalization of Rs 7,775.76 crore, the shares of Sansera Engineering Ltd were trading at Rs 1,440.00 per share, increasing around 1.61 percent as compared to the previous closing price of Rs 1,417.25 apiece.
Reason for rise:-
Today the share of the company has seen positive movement after Sansera Engineering Ltd entered into a Memorandum of Understanding with Karnataka Udyog Mitra, Directorate of Industries & Commerce, Government of Karnataka for the acquisition of 55 acres of industrial land at Harohalli, Ramanagra, Bengaluru. Moreover, the company will invest Rs 2,100 crore approx. over a period of 3 – 5 years.
Financial performance:-
Examine the company’s financial performance, revenue being magnified by 20 percent from Rs 619 crore in Q4FY23 to Rs 746 crore in Q4FY24, and during the same time frame, net profit also soared by 31 percent from Rs 35 crore to Rs 46 crore.
Order Book and R&D facility:-
The company’s order book stands strong at Rs 15.9 billion, this order book is expected to mature in the next three years and is well spread across business segments aligned with its long-term vision.
Recently, MMRFIC Technology Private Ltd, a group company of Sansera Engineering Ltd integrated a new R&D facility in Bangalore, integrating Semiconductor Packaging, Precision PCB Assembly, and the Testing & Qualification of in-house developed products as a strategic diversification of its product development range.
Shareholding Pattern:-
Examining the company’s shareholding pattern, the promoter owns 34.79 percent of the company, retail investors own 14.94 percent, domestic institutional investors own 34.67 percent at last Foreign institutional investors own 15.56 percent.
Company profile:-
Sansera Engineering Limited is an India-based engineering-led integrated manufacturer of complex and critical precision forged and machined components across the automotive and non-automotive sectors. In the automotive sector, the Company manufactures and supplies a wide range of precision forged and machined components and others.
Written by:- Abhishek Singh
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