Stock in focus after receiving order from Green Metals FZCO for brass billets

by Trade Brains | Oct 25, 2024 | News, Stocks | 0 comments

One of the micro-cap stocks engaged in business of trading and exporting of Brass items is in focus after receiving an order from Green Metals FZCO Limited for procurement of Brass Billets amounting to approximately INR 2.5 crore.

Sprayking Limited’s share has plunged by 2.85 percent. The stock opened at Rs. 12.75 and is currently trading at Rs. 12.62 with a high of Rs. 13.60 and a low of Rs. 12.50. The market capitalization now stands at approximately Rs. 133.16 crore.

Sprayking Limited has a subsidiary of Narmadesh Brass Industries Limited. The company has received an order from Green Metals FZCO Limited for the contract for procurement of Brass Billets amounting to approximately INR 2.5 crore. The order of brass billets is associated with a time period of within 45 days from the purchase contract.

Sprayking Limited’s revenue has increased from Rs. 19 crore in FY23 to Rs. 102 crore in FY24, which is down by 436.84 percent. The net profit of the company has increased by 350 percent, from Rs. 2 crore in FY23 to Rs. 9 crore in FY24.

In terms of quarterly results, the company revenue has increased by 119.16%, from Rs. 16.34 crore in Q1 FY24 to Rs. 35.81 crore in Q1 FY25. The net profit has also grown by 125.96%, from Rs. 1.04 crore in Q1 FY24 to Rs. 2.35 crore in Q1 FY25

In terms of ratio, Sprayking Limited’s ROE and ROCE are 30.17% and 35.96%, respectively. The debt-to-equity ratio of Sprayking Limited is 1.17x, and EPS will be Rs. 0.69.

Also read…

Sprayking Limited has a majority stake held by the promoters at 36.41 percent and the public at 63.58 percent as of September 2024.

Sprayking Agro Equipment Limited was established in 1980 and leads the brass manufacturing sector as BSE’s first SME-listed brass parts manufacturer. The company produces brass fittings, forging equipment, transformer parts, and custom components in its modern, eco-friendly facility in Jamnagar. With complete in-house manufacturing capabilities, Sprayking maintains rigorous quality standards while serving a diverse global clientele.

The company has built a strong international presence, exporting brass products to the USA, Europe, Australia, Canada, and UAE. Since transforming from a private to public entity in

2016, Sprayking continues to expand its technical expertise and market reach. The company aims to become one of India’s top five brass part manufacturers through innovation and excellence.

Written By- Nikhil Naik

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.

Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!

Your email address will not be published. Required fields are marked *

Comment *

Name *

Email *

Website