Shares of this micro-cap stock engaged in manufacturing fixed speed and variable speed fluid couplings hit a 20 percent upper circuit following an increase in net profits of over 75 percent year-on-year and significant revenue growth as well.
Price Movement
The share price of Fluidomat Ltd hit a 20 percent upper circuit to Rs.694.25 per share on Thursday’s trading session from its previous close of Rs.578.55 apiece. The share has generated returns of over 750 percent in five years.
Financial Performance
Fluidomat Ltd’s stock price has recently surged, primarily due to its strong financial performance, which includes significant growth in both net profits and operational revenue.
For the quarter ending September 2024, Fluidomat Ltd reported consolidated revenue of Rs.19.00 crores, marking a notable 30 percent increase from Rs.14.65 crores in Q2 FY24. Compared to the previous quarter (Q1 FY25), revenue rose by 22 percent, up from Rs.15.59 crores.
The company’s Profit After Tax (PAT) also demonstrated impressive growth, with a 75 percent year-over-year increase, reaching Rs.6.17 crores in Q2 FY25, compared to Rs.3.52 crores in the same quarter last year. Additionally, PAT improved by 46 percent from Rs.4.24 crores in Q1 FY25.
Key financial metrics further underscore Fluidomat Ltd’s robust performance. The Price-to-Earnings (P/E) ratio is currently at 19.9, significantly lower than the industry average of 42.5.
In terms of return ratios, Fluidomat Ltd achieved a Return on Capital Employed (ROCE) of 32.0 percent and a Return on Equity (ROE) of 23.7 percent.
Product Portfolio
Fluidomat manufactures a range of fluid couplings for diverse applications, including fixed-speed fluid couplings for stable operational speeds, variable-speed fluid couplings that adjust according to operational needs, and specialty products such as drain-type fluid couplings for internal combustion engines and scoop-controlled couplings tailored for specific industrial processes.
Shareholding Composition
As of the September 2024 shareholding pattern, promoters hold a 53.46 percent stake in Ashnoor Textile Mills Ltd, while retail investors own 45.96 percent and foreign institutional investors (FII) hold a minimal 0.58 percent stake.
Company Profile
Fluidomat Ltd is a leading Indian company specializing in the production of fluid and flexible couplings for industrial and automotive applications. Headquartered in Dewas, Madhya Pradesh, the company has earned multiple ISO certifications for its quality and standards.
Written by – Siddesh S Raskar
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