Microcap stock engaged in manufacturing and supplying hand tools to leading OEMs like Tata Steel, Indian Oil, Larsen & Toubro, and many others hit a 20 percent upper circuit in the day’s trade following a 116 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 258 Crores, the shares of DE Neers Tools Limited hit a 20 percent upper circuit in the day’s trade at Rs. 299.80 per equity share, from its previous day’s close price of Rs. 249.85.
What Happened
Its revenue from operations half yearly grew by 17 percent YoY from Rs. 59.34 Crores in H1FY24 to Rs. 69.46 Crores in H1FY25 and it grew by 38 percent HoH from Rs. 50.45 Crores in H2FY24 to Rs. 69.46 Crores in H1FY25.
Its net profit half yearly grew by 93 percent YoY from Rs. 4.56 Crores in H1FY24 to Rs. 8.8 Crores in H1FY25 and it grew by 116 percent HoH from Rs. 4.08 Crores in H2FY24 to Rs. 8.8 Crores in H1FY25.
About the Company
De Neers Tools Limited manufactures and supplies hand tools. It offers an extensive range of products, including spanners, wrenches, pliers, cutters, Allen keys, hammers, tool kits, tool cabinets, aviation cutters, rebar cutters, pipe benders, adjustable wrenches, and more.
It also specializes in providing safety tools like non-sparking tools, insulated steel tools, non-sparking insulated tools, stainless steel anti-magnetic tools, and titanium tools, with its range of hand tools.
De Neers Tools Limited caters to industries like Automotive, textile, infrastructure, mining, electronics, healthcare and pharma, engineering, agriculture, petrochemical/oil & gas, and the power sector.
It has a strong customer base that includes some of the leading OEMs like Tata Steel, Indian Oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, and many more.
Written by: Bharath K.S
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