The shares of Original Equipment Manufacturers gained up to 10 percent after the company received a prestigious work order from Livpure Private Limited for Rs 52.6 Million.
With a market capitalization of Rs 90.35 crore, the shares of Comrade Appliances Ltd were trading at Rs 120.00 per share, increasing around 5.26 percent as compared to the previous closing price of Rs 114.00 apiece.
Reason for Rise:-
The shares of the company have seen positive movement after Comrade Appliances Ltd received a prestigious work order to supply an air cooler order from Livpure Private Limited for a value of more than Rs 52.6 million.
Financial performance:-
Examine the company’s financial condition, revenue jumped by 69 percent from Rs 9.94 crore in H1FY24 to Rs 16.81 crore in H2FY25, and during the same time frame, net loss shrunk from Rs 2.56 crore to Rs 1.81 crore.
Ratio analysis:-
The company’s critical ratios show that the return on equity stood at 3.10 percent in FY23-24, while the return on capital employed stood at 12.71 percent. The net profit margin (NPM) for fiscal year 23-24 is 1.81 percent.
Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoters of the company own 70.52 percent while Retail shareholders own a 24.15 percent stake in the company and Foreign Institutional Investors own a 5.33 percent stake.
Company Profile:-
Comrade Appliances Limited is an India-based company engaged in manufacturing a range of original equipment manufacturing (OEM) and original design manufacturing (ODM) home appliances. The Company manufactures consumer durable goods, assembles a range of products, and provides end-to-end product solutions.
Written by:- Abhishek Singh
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