The shares of the textile product manufacturer hit 5 percent upper circuit after the company secured significant work orders from Madhuram Industries Private Limited worth Rs 17.50 crore.
Price Movement
With a market capitalization of Rs 14.25 crore, the shares of Eureka Industries Ltd were trading at Rs 16.28 per share, increasing around 4.96 percent as compared to the previous closing price of Rs 15.51 per share.
Reason for Rise
The shares of Eureka Industries Ltd have seen positive movement after securing significant work orders from Madhuram Industries Private Limited for the purchase of Rice 50,000.000 QTL worth Rs 17.50 crore, with the order to be executed by 30 June 2025.
Previous Order
According to the latest regulatory filings with BSE, Eureka Industries Limited received a purchase order valued at Rs. 12.1 crores from Grainspan Nutrients Private Limited. The order involves the supply of 5000 MT of Maize (Makka), with the order to be executed by 31st May 2025.
Also read: Tata Group stock skyrockets 10% after receiving order from Gujarat Energy Transmission Corp
Financials performance
Eureka Industries experienced significant growth in its revenue from operations, showing a year-on-year rise of 442 percent from Rs. 6.63 crores in Q3 FY24 to Rs. 35.94 crores in Q3 FY25. Similarly, the company turned its net loss of Rs. 2.02 crores to a profit of Rs. 0.8 crores, during the same period.
Ratio analysis
The company’s critical ratios show that the return on equity stands at Rs 0 percent in FY23-24 as compared to (45.06) percent in FY23-24, while the return on capital employed increased from (8.76) percent to 190.60 percent. The net profit margin (NPM) for fiscal year 23-24 is (23.66) percent.
Company Profile
Eureka Industries Ltd started its commercial production of the Spinning project in November 1994. There was some delay in the implementation of the project due to late deliveries of machinery by the suppliers.
Written by Abhishek Singh
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