{"id":119286,"date":"2024-02-16T17:15:06","date_gmt":"2024-02-16T11:45:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=119286"},"modified":"2024-02-16T17:39:08","modified_gmt":"2024-02-16T12:09:08","slug":"defence-stock-in-green-after-it-receives-an-order-worth-9-71-cr-from-ministry-of-defence","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-it-receives-an-order-worth-9-71-cr-from-ministry-of-defence\/","title":{"rendered":"Defence stock in green after it receives an order worth \u20b9 9.71 Cr from Ministry of Defence"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-394012044\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this microcap company jumped around 1 percent in Friday\u2019s trading session after receiving an order worth Rs. 9.71 crores from the Government. The shares have delivered around 25 percent returns to shareholders in just three months.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3574518332\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 449 crores, the shares of Krishna Defence and Allied Industries Ltd started Friday\u2019s trading session on a lower note at Rs. 356.25 compared to its previous close of Rs. 361.50. During the trading session, the shares hit a high of Rs. 370, gaining around 1 percent and closed the day at Rs. 365 apiece.&nbsp;<\/p><p>Such a positive movement in the share price was observed after the company in an exchange filing announced that it had bagged an order from the Ministry of Defence for the supply of a Special Steel Product that is used for Naval Applications, worth Rs. 9.71 crores, which are executable over the next 6 months. During the current financial year, the company has an order book of Rs. 184.62 crores.&nbsp;<\/p><p>Coming onto the company\u2019s financial statements, the revenue decreased by 20 percent from Rs. 44.10 crores during H2FY23 to Rs. 35.23 crores in H1FY24. In addition, the net profits declined by 28 percent from Rs. 3.66 crores to rs. 2.63 crores during the same period.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3872693098\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Due to an increase in operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 11.60 percent during FY 21-22 to 16.31 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 12.37 percent to 15 percent during the same timeframe. Furthermore, the net profit margin increased from 4.93 percent during FY21-22 to 8.33 percent during FY22-23.&nbsp;<\/p><p>According to the latest shareholding pattern, the Promoters have 73.38 percent of stakes and the remaining 26.35 percent of shares are with the Retail Investors.&nbsp;<\/p><p>Headquartered in Mumbai, Krishna Defence and Allied Industries was incorporated in 2013. The company develops, manufactures, and designs Defence Application Products, Kitchen, and Dairy Equipment Products.&nbsp;<\/p><p><strong>Written By Vaibhav Patil&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-672445486\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this microcap company jumped around 1 percent in Friday\u2019s trading session after receiving an order worth Rs. 9.71 crores from the Government. The shares have delivered around 25 percent returns to shareholders in just three months.&nbsp; With a market capitalization of Rs. 449 crores, the shares of Krishna Defence and Allied Industries Ltd [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-119286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defence stock in green after it receives an order worth \u20b9 9.71 Cr from Ministry of Defence - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this microcap company jumped around 1 percent in Friday\u2019s trading session after receiving an order worth Rs. 9.71 crores from the Government. 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