Recently listed stock engaged in offering a comprehensive range of customized services for the MICE events sector, jumped upto 8 percent in the day’s trade upon receiving new work order for operations in Switzerland worth Rs. 21.80 Crores.
Price Action
With a market capitalization of Rs. 510 Crores, the shares of Mach Conferences and Events Limited were trading at Rs. 242.45 per equity share, up 5.3 percent from its previous day’s close price of Rs. 230.15.
What Happened
Mach Conferences and Events Limited has received a new work order for providing its services in organizing an International MICE (Meetings, Incentives, Conferences, Exhibitions) program in Switzerland between 13th-18th December 2024 for 820 people for a consideration of Rs. 21.80 Crores.
This project underlines Mach Conferences and Events Limited’s position as forward-looking, future-ready organization, dedicated to revolutionizing the MICE industry through exceptional execution, expertise in crafting tailored experiences, from conceptualization to logistics, to ensure impactful events that meet the clients’ objectives, leveraging innovative design, cost-effective management, and efficient operations.
About the Company
Mach Conferences and Events Limited is engaged in offering a comprehensive range of customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector.
It specializes in conference management, exhibition management and global event Planning, and also takes care of all logistical aspects of events at specific destinations. This includes venue selection, accommodation, transportation logistics, local activities and on-site coordination.
Financials and Ratios
As per the latest data available since its recent listing, in FY24, from revenue from operations, it has generated Rs. 237 Crores, accompanied by profits of Rs. 26 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 52.88 percent and a return on capital employed (ROCE) of 58.63 percent. It has maintained a debt-to-equity ratio of 0.25.
Written by: Bharath K.S
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