Synopsis:
Readymix construction ltd. has entered into a Memorandum of Collaboration with Aquaproof wallcare Pvt. Ltd for a state-of-the-art 30 TPH GRAY PRODUCTS Manufacturing Plant at Raipur, Chhattisgarh and the Value of the Order received is Rs. 4.00 Crores.
The shares of this company, which is a multidisciplinary manufacturer and supplier of construction equipment, were in focus as it jumped almost 3.33% after receiving an order worth Rs 4 crore.
With a Market capitalisation of Rs 152 crore and the shares of Readymix Construction Machinery Limited jumped by about 3.33% on Monday and made a high of about Rs 139.5 compared to the previous day’s closing of about Rs 135.
About the order
Readymix Construction Machinery Limited has signed a Memorandum of Collaboration with Aquaproof Wallcare (1) Pvt. Ltd., where it received an order for the Design, Supply, Installation and Commissioning of its third consecutive state-of-the-art 30 TPH GRAY PRODUCTS manufacturing plant spread across 2 acres, to be established at Raipur, Chhattisgarh, for a consideration of Rs 4 crore.
This work order follows demonstrated engineering robustness and the project delivery standards from the earlier 2 plants being delivered by Readymix Construction Machinery Limited, with continued commitment to operational excellence and look forward to a timely and successful execution of the Raipur project
About the company, Financials and others
Readymix Construction Machinery Limited is an engineering-led company specializing in the design, development, fabrication, and installation of plant & machinery for cement, concrete, crushing, construction, and building materials industries.
The Co. has a fabrication unit in Chakan Industrial Area, Pune, Maharashtra, with a 10,764 sq. ft. equipped with a Vertical Drill Machine, Air Compressor, Welding Machine, and Jigsaw Cutter. It has created 35+ products, enhancing customisation, lowering costs, and improving gross margins.
It reported FY24 sales of Rs 69.79 crore, which grew by about 5% YoY basis to Rs 73.28 in FY25. The net profit stood about the same at Rs 9.28 Crore in FY24 to Rs 9.34 in FY25. The 3-year compounded sales growth is at 15% and compounded profit growth is 92%.
The company’s debtor days have increased from 94.61 days to 242 days, and the working capital days have also increased from 72 to 218 days, which might cause cash flow disruption.
Written by Leon Mendonca
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