Shares of this microcap company surged around 16 percent in Friday’s trading session after receiving orders worth Rs. 4.02 crores from multiple clients.
With a market capitalization of Rs. 31.5 crores, the shares of Arrowhead Seperation Engineering Ltd started Friday’s trading session on a higher note at Rs. 152.95 compared to its previous close of Rs. 145.05. During the trading session, the shares hit a high of Rs. 170.50, gaining around 16 percent and are currently trading at Rs. 168.25 apiece.
Such a bullish movement in the share price was observed after the company in an exchange filing announced that it had received the contract for the procurement of Agitators, Steel Belt Flaker, Carbazole Crusher, Tubular dryer system, spares of Rotary Tubular Dryer System, and supply of supervision service for steel belt flaker and crusher unit totalling to approx. Rs. 4.02 crores.
Looking at the company’s financial statements, the revenue increased by 15 percent from Rs. 21.50 crores during FY22-23 to Rs. 24.76 crores in FY23-24. In addition, the net profits zoomed by 20 percent from Rs. 1.69 crores to Rs. 2.04 crores during the same timeframe.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 12.59 percent and a return on capital employed (RoCE) of 19.28 percent for the period spanning FY23-24. Further, the net profit margin during FY23-24 stood at 8.22 percent.
The company specialises in the design and manufacture of continuous drying and cooling systems, with a focus on developing innovative solutions for various industries such as food, pharmaceuticals, and chemicals
The main products manufactured by Arrowhead Seperation Engineering Limited include Vacuum Double Drum Dryer, Rotary Dryers, Single Drum Dryer, Double Drum Dryer, Paddle Dryer, Flaker Systems, Totally Enclosed Single Drum Dryer, and Continuous Particulate Dryer.
According to the latest shareholding pattern, the Promoters retain 35.09 percent ownership, while DIIs possess 1.38 percent of the shares, leaving the remaining 63.53 percent in the hands of Retail Investors.
Headquartered in Navi Mumbai, Arrowhead Seperation Engineering is engaged in the manufacturing, trading, and exporting of various types of dryers.
Written By Vaibhav Patil
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