Category: General
Country: India
Region: Asia
By Vaibhav Patil
Trade Brains
12th August, 2024 | 2:05 pm
The shares of this microcap company locked a 20 percent upper circuit in Monday’s trading session after receiving an export order worth Rs. 115.50 crores.
The company was listed on the NSE SME on February 23, 2024, at an issue price of Rs. 45 per share. Upon listing, the shares were initially priced at Rs. 47.15, reflecting a gain of approximately 4.8 percent from the issue price.
Price Movement:
With a market capitalization of Rs. 89.7 crores, the shares of Kalahridhaan Trendz Ltd started Monday’s trading session on a flatter note at Rs. 43.50. During the trading session, the shares clocked a 20 percent upper circuit at Rs. 52.20 apiece.
What Happened:
Such a bullish movement in the share price was observed after the company in an exchange filing announced that it had secured a significant order worth Rs. 115.50 crores from Beximcorp Textiles, a subsidiary of Akij Textile Mills Ltd, Bangladesh.
The order includes supplying textile products by utilizing the expanded production capacity. It will be fulfilled in four phases over roughly 12 months, with payments made in 25 percent tranches based on specific milestones outlined in the release order.
Financials:
Looking at the company’s financial statements, the revenue surged by around 31 percent from Rs. 84 crores during H1FY24 to Rs. 110 crores in H2FY24. Contrastingly, the net profits decreased by 40 percent from Rs. 5 crores to Rs. 3 crores during the same timeframe.
Important Financial Ratios:
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 16.56 percent and a return on capital employed (RoCE) of 27.57 percent for the period spanning FY23-24. Additionally, during the same period, the net profit margin stood at 4.14 percent.
Shareholding Pattern:
According to the latest shareholding pattern, the Promoters maintain ownership of 68.24 percent. The remaining 31.76 percent of shares are held by Retail Investors.
Company Profile:
Kalahridhaan Trendz Ltd is a textile company based in Ahmedabad, primarily engaged in the dyeing and processing of fabrics. The company specializes in manufacturing and trading a variety of textiles, including embroidered fabrics, grey cloths, and finished materials for suiting, shirting, and dress fabrics.
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Courtesy: Tradebrains.in
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