Shares of this engineering company jumped 4 percent in Friday’s trading session after receiving an order worth Rs. 2.11 crores. In six months, the shares have delivered more than 60 percent returns to its shareholders. 

With a market capitalisation of Rs. 135 crores, the shares of Sunita Tools Ltd started Friday’s trading session on a higher note at Rs. 235 compared to its previous close of Rs. 233.50. During the trading session, the shares hit a high of Rs. 244.70, gaining around 4 percent and are currently trading at Rs. 243 apiece. 

Such a positive movement in the share price was observed after the company in an exchange filing announced that it had received an order from an engineering steel products company to supply steel mould products worth Rs. 2.11 crores. Including the above purchase order, the new sales order received by the company in February aggregated to Rs. 3.15 crores. 

Looking at the financials of the company, the revenue of the company increased by 58 percent from Rs. 8.73 crores during FY21-22 to Rs. 13.84 crores in FY22-23. In addition, the Profit After Tax (PAT) magnified by 317 percent from Rs. 81 lakhs to Rs 3.38 crores during the same timeframe. 

Coming on to the important ratios, the return on capital employed accelerated from 19.98 percent during FY 21-22 to 33.24 percent in FY22-23. Furthermore, the net profit margin improved from 9.27 percent to 24.39 percent keeping the timeframe the same. The debt to equity was transformed from a negative 4.68 percent to a positive 5.24 percent during the same above-mentioned period. 

According to the latest shareholding pattern, Promoters have a 72.98 percent stake in the company and the remaining 27.08 percent is with the Retail Investors. 

Headquartered in Thane, Sunita Tools Ltd was established in the year 1988. The company manufactures Ground Plates, Mould Bases, and Precision CNC Machining. The company’s products are a pre-requisite to the Manufacturing industries be it Automotive, Pharmaceutical, Electronics, Consumer Goods, and most of the Manufacturing Sectors. 

Written By Vaibhav Patil 


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