Micro-cap stock engaged in trading, distribution, and all sorts of stuff related to all types of electric components and parts jumped 7 percent in the day’s trade following the launch of a game-changing industrial product.
At 11:08 a.m the shares of Sunrise Efficient Marketing Limited were trading at Rs. 110, up 5.57 percent from its previous day’s close price of Rs. 104.20 and its market capitalization is Rs. 110 Crores.
Sunrise Efficient Marketing Limited has launched a game-changing industrial product i.e., energy-efficient ring frame motors to save the motors from frequent bearing failures and to save Power by Improving efficiency.
The motor can save power up to 10 percent because you get 10 percent higher output with the High-Efficiency Synchro-Plus motor and it has mechanical and electrical features, which make it unique from other motors thereby giving it an edge over the competitors.
Sunrise Efficient Marketing Limited is engaged in the business of trading, distribution, repairs, and all sorts of stuff related to all types of industrial machinery, spare parts, and other electrical equipment and components like pumps, motors, generator sets, etc, used for industrial, domestic and agricultural purposes.
It has added well-known brands to its product portfolio like Bharat Bijlee, Crompton Motors, CG Power and Energy Solutions, Kirloskar Brothers, and many others.
The company’s revenue from operations grew by 50.66 percent from Rs. 64.27 Crores in FY22 to Rs. 96.83 Crores in FY23, accompanied by increasing profits of Rs. 4.88 Crores to Rs. 8 Crores.
It has reported a return on equity (ROE) of 39.36 percent and a return on capital employed (ROCE) of 37.92 percent, it is making good returns on its equity and capital employed with increasing profits and margins.
Written by: Bharath K.S
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