Multibagger stock engaged in the business of manufacturing and supplying PVC-insulated wires & cables jumped 3 percent in the day’s trade after it bagged a work order worth Rs. 11 Crores.
In the day’s trade, the shares of V-Marc India Limited were trading at Rs. 192, up 2.37 percent from its previous day’s close price of Rs. 187.55 and its market capitalization is Rs. 427 Crores. It has delivered multi-bagger returns of 275 percent in a year.
V-Marc India Limited has received a letter of intent from Tamil Nadu Generation & Distribution Corporation Limited for the supply of 33 KV 3×400 sq. mm UG XLPE Aluminium Cable for Rs. 11.03 Crores.
V-Marc India Limited is engaged in the business of manufacturing and supplying PVC-insulated wires & cables under the brand name V-Marc.
The company’s dealer network is present in 19 states across India with 600+ dealers/ distributors. Also, the company is an authorized dealer for various distribution companies and it has set up 5 marketing depots. It has an ambitious target of growing its distribution network to 1,00,000 retail touchpoints.
The company’s revenue from operations grew 36.61 percent from Rs. 181.02 Crores in FY22 to Rs. 247.29 Crores in FY23, accompanied by increasing profits of Rs. 4.99 Crore to Rs. 10.45 Crore.
It has reported a return on equity (ROE) of 14 percent and a return on capital employed (ROCE) of 18.5 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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