During Friday’s trading session, the shares of a heavy large fabrication & large machining company working as sub-contractors are in focus following the stock’s news of delisting from the exchange. Do you currently hold this stock?
Price Movement:
With a market capitalisation of Rs. 227.4 crores, at 10:46 a.m., the shares of GTV Engineering Limited were trading in the green at Rs. 728, up by 3.1 percent, as against its previous closing price of Rs. 706.1.
The stock has delivered positive returns of more than 54 percent in the last one year, as well as gained around 1 percent in the last one month.
What’s the News:
According to the latest regulatory filings with the BSE, the Calcutta Stock Exchange (CSE) has granted the voluntary delisting of GTV Engineering Limited’s equity shares from its exchange, effective April 10, 2025. This delisting is in accordance with Regulations 5 and 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021.
As a result, the company’s shares have been officially removed from the list of securities on the CSE as of April 10, 2025.
Earlier, on 14th February, the company’s Board approved the delisting proposal, allowing for the voluntary delisting from the CSE under Regulation 6. An exit opportunity for shareholders was not required, as the company’s equity shares will continue to remain listed on the Bombay Stock Exchange (BSE) Limited.
Financial Performance:
GTV Engineering reported a marginal decline in revenue from operations, experiencing a year-on-year decrease of nearly 4 percent, falling from Rs. 25.06 crores in Q3 FY24 to Rs. 24.14 crores in Q3 FY25.
In contrast, during the same period, the company’s net profit increased by around 149 percent YoY, from Rs. 1.7 crores to Rs. 4.23 crores.
Key Financial Ratios:
In terms of key financial metrics, GTV Engineering has a Return on Equity (RoE) of 13.5 percent and a return on capital employed (RoCE) of 12.7 percent. Additionally, the stock has a P/E ratio of 25, compared to the industry’s P/E ratio of 26.4, and its debt-to-equity ratio stands at 0.16.
About the Company:
GTV Engineering Limited is primarily engaged in Heavy Large Fabrication & Large Machining, operating as a subcontractor for various giant engineering companies. The company is actively involved in the execution of various infrastructure projects across sectors such as power, minerals, cement, railways, and metro systems. Additionally, GTV Engineering also manufactures whole wheat atta.
Written by Shivani Singh
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