Throughout Friday’s buying and selling session, the shares of a number one producer and exporter of high-quality technical adhesives, tapes and foams surged 4 p.c to Rs. 101 on NSE, after the corporate obtained a purchase order order from Bharat Earth Movers Restricted (BEML), underneath the Ministry of Defence.
With a market capitalisation of Rs. 134.7 crores, the shares of Srivasavi Adhesive Tapes Restricted opened within the inexperienced at Rs. 100, up by practically 3 p.c, as in opposition to its earlier closing worth of Rs. 97.1.
What’s the Information
In response to the newest regulatory filings with the NSE, Srivasavi Adhesive Tapes Restricted secured an order for the availability of EPDM rubber and EPDM foam underneath the locomotive trade.
The order is valued at practically Rs. 16.8 lakhs and comes from Bharat Earth Movers Restricted (BEML), a Govt. of India Mini Ratna Firm underneath the Ministry of Defence.
Earlier Orders
third October 2024: The corporate obtained an order price Rs. 80.7 lakhs from the Metal Authority of India Restricted (SAIL) for the availability of floor safety movie—Laser PE/LDPE—appropriate for CO2 and fibre laser reducing.
seventeenth October 2024: Srivasavi Adhesive secured ~Rs. 43.1 lakhs order from BEML Restricted for the availability of Self-Adhesive merchandise.
thirty first December 2024: The corporate knowledgeable receiving an order, valued at ~Rs. 55.4 lakhs, from BEML Restricted, underneath the Ministry of Defence, for the availability of Ground Packing Rubber for BMRCL 5RSDM PROJECT-318 CARS.
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Financials
The corporate reported a marginal development within the income from operations, experiencing an increase of practically 0.2 p.c HoH, growing from Rs. 40.07 crores in H1 FY24 to Rs. 40.15 crores in H1 FY25.
Equally, throughout the identical interval, the corporate’s internet revenue elevated from Rs. 2.75 crores to Rs. 4.31 crores, representing a development of round 56.7 p.c HoH.
EBITDA for H1 FY25 elevated by about 49 p.c YoY to Rs. 6.4 crores, up from Rs. 4.3 crores in H1 FY24, whereas the EBITDA margins jumped to fifteen.94 p.c, from 10.71 p.c, over the identical interval.
Srivasavi Adhesive Tapes Restricted has a tentative order e book for H2 FY25 of Rs. 60.15 crores.
In regards to the Firm
Integrated in 2010, Srivasavi Adhesive Tapes Restricted is engaged within the manufacturing of commercial speciality adhesive tapes, foams, movies, materials and die cuts, serving each home and worldwide markets.
The corporate is a number one producer and exporter of high-quality technical adhesives, tapes and foams. It serves numerous industries, together with automotive, aviation, photo voltaic & wind energy, electrical & electronics, railways & metro, battery & electrical autos, white items, powder coating, packaging and lots of extra.
Written by Shivani Singh
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