In Thursday’s trading session, the shares of one of the prominent Indian companies specialised in the supply and installation of electrical systems stock in focus upon receiving work orders worth Rs. 8.29 Crores from JSW Renew Energy (Kar) Limited and JSW Renew Energy Three Limited.
Price action
With a market capitalization of 77.42 Crores on Thursday, the shares of Sharika Enterprises Limited declined by 4.5 percent making a high of Rs 18.47 compared to its previous closing price of Rs 17.88.
What happened
Sharika Enterprises Limited specializes in the supply and installation of electrical systems, including underground cables and other critical infrastructure components.
The company has received new work orders from JSW Renew Energy (Kar) Limited, located in Karnataka, and JSW Renew Energy Three Limited, located in Maharashtra, for a total of Rs. 8.29 crore.
Sharika Enterprises Limited has secured significant orders for the supply and installation of underground cables across two major projects. These include the installation and commissioning of underground cables, as well as the supply and installation of underground cables at both the Kudaligi project in Karnataka and the Lohara project in Maharashtra.
The total value of the orders amounts to Rs. 8.29 crore, with individual order values as follows: Rs. 1.12 crore for the Kudaligi project (installation), Rs. 3.05 crore for the Kudaligi project (supply), Rs. 2.99 crore for the Lohara project (supply), and Rs. 1.12 crore for the Lohara project (installation).
About the company
Sharika Enterprises Limited is a dynamic company that provides comprehensive solutions in the field of infrastructure and construction. The company specializes in the supply and installation of electrical systems, including underground cables and other critical infrastructure components
Sharika Enterprises Limited has established a strong presence in the market by executing large-scale projects across various sectors, including energy and utilities. With a focus on quality, timely delivery, and customer satisfaction, the company has earned a reputation for reliability and efficiency.
Financials
The company’s revenue rose by 111 percent from Rs 11.61 crore to Rs 24.51 crore in Q2FY24-25. Meanwhile, Net loss rose from Rs 1.89 crores to Rs 3.06 crore during the same period.
Key Financial ratios
Sharika Enterprises Limited has an Return on Equity (RoE) of 1.5.percent and a Return on Capital Employed (RoCE) of 3.91 percent. Furthermore, the company’s debt-to-equity ratio is 1.83.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
