The share price of this micro-cap stock hit a 10 percent upper circuit to Rs 196.40 per share after the company received approval from NSE to list equity shares through conversion of warrants on the exchange.
On Thursday, Felix Industries Ltd‘s share touched the 10 percent upper circuit to its 52-week high price of Rs 196.40 per share. The company has a market capitalization of Rs 244 crore.
The company received listing approval from NSE for a listing of 50,60,000 Equity Shares of Rs 10 on a preferential basis bearing distinctive numbers from 7383001 to 12443000 under the conversion of warrants into equity shares to the Promoter Group and Non-promoters. The company said in its exchange filing.
The company shares have delivered a multibagger return of 145 percent in a year, This shows that a shareholder investment of Rs 1 lakh in the company would be worth Rs 2.45 lakhs.
The company’s revenue has increased by 300 percent yearly, from Rs 2.94 crore in Q2FY23 to Rs 11.80 crore in Q2FY24. During the same timeframe, Net losses have increased from a loss of Rs 0.12 crore to a profit of Rs 0.97 crore.
In FY22, the company generated revenue from the Sale of Goods at 55 percent and the Sale of Services at 45 percent.
As per the shareholding pattern, the company promoter holds a 54.85 percent stake in the company, while a 45.15 percent stake is held by retail investors.
Felix Industries Ltd works towards environmental conservation through Recycling, reusing, Recovering, and reducing. Reclamation solutions offered by Felix Industries Ltd include Water and wastewater Recycling Systems and E-Waste Recycling Systems.
Felix is a government-approved e-waste recycling company with a processing capacity of 6000 MT per year and it also has one of the largest recycling capacities in India.
Written by Omkar Chitnis
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