In Tuesday’s trading session, the shares of one of the infrastructure solution provider in India hits 2 percent upper circuit in the day’s trade after receiving a work order from Jindal Ferrous to supply of machines for the ongoing Blast Furnace Erection Commissioning Project
Price action
With a market capitalization of 219.81 Crores on Tuesday, the shares of Trishakti Industries Ltd hit a 2 percent upper circuit making a high of Rs 134.60 compared to its previous closing price of Rs 132.
What happened
Trishakti Industries Ltd hits 5% upper circuit following after receiving a work order from Jindal Ferrous Limited. As per agreement Trishakti Industries will supply machines worth Rs. 27 crores to support Jindal Ferrous’s ongoing Blast Furnace Erection Commissioning project.
This contract marks a major milestone for the company, further establishing its expertise in providing high-capacity equipment for large-scale industrial projects. The project is expected to be completed by February 28, 2025 and the company has confirmed that there is no involvement of related parties or promoter interests in this contract.
About the company
Trishakti Industries Limited is a leading company in the infrastructure sector, specializing in providing high-quality machinery and equipment for large-scale industrial projects. With expertise in sectors like steel, construction, and energy, the company focuses on manufacturing and supplying machinery and they are known for delivering reliable and efficient solutions.
The company works closely with clients to ensure timely project execution and high standards of quality. The company has built a strong reputation in both domestic and international markets, Trishakti Industries is well-positioned to continue its growth and contribute to the development of critical infrastructure across various sectors. Some of the prominent clients include Reliance Industries, Tata Projects, Rail Vikas Nigam Limited, Jinal Stainless, Oil and Natural Gas Corporation (ONGC), Chevron Corporation, Oil India, Larsen and Toubro (L&T) and others.
Financials
The company’s revenue declined drastically by 94 percent from Rs 35.75 crore in Q2FY24 to Rs 2.12 crore in Q2FY25. Meanwhile, Net profit increased by 76 percent from Rs 0.21 crores to Rs 0.37 crore during the same period.
Key Financial ratios
Trishakti Industries Limited has an impressive Return on Equity (RoE) of 20.42 percent and a Return on Capital Employed (RoCE) of 15 percent. The Basic EPS for FY24 stood at Rs. 0.34. Furthermore, the company’s PE ratio is 80.
Shareholding Pattern
Trishakti Industries Limited’s shareholding structure as of September 2024, The promoters held 36.55 percent and the remaining 63.45 percent is owned by the public.
Stock Performance
The stock has provided impressive returns of about 365 percent over the last year, along with a 175 percent gain in the past six months of 2024, it has continued to perform strongly.
Written by Sridhar
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