During Wednesday’s trading session, the shares of a company engaged in providing general contracting and project management services surged 3.4 percent at Rs. 314 on BSE, after the company announced securing civil work orders for plant expansion.
With a market capitalisation of Rs. 96.4 crores, at 11:18 a.m., the shares of Conart Engineers Limited were trading in the green at Rs. 307, up by nearly 1.2 percent, as against its previous closing price of Rs. 303.6.
What’s the News
According to the latest regulatory filings with the BSE, Conart Engineers has received a work order valued at Rs. 7 crores for civil work. The project is scheduled for completion within 12 months of mobilization at the site.
The contract involves the SPTR expansion of Plant-6 for Shiva Performance Materials Private Limited, located in the village of Karakhadi, Gujarat.
Financials
Conart Engineers reported a marginal decline in revenue from operations, experiencing a year-on-year decrease of nearly 8.6 percent, falling from Rs. 11.6 crores in Q2 FY24 to Rs. 10.6 crores in Q2 FY25.
In contrast, during the same period, the company’s net profit rose from Rs. 0.95 crores to Rs. 1.1 crores, representing a growth of nearly 16 percent YoY.
Key Financial Ratios
In terms of key financial metrics, Conart Engineers has a Return on Equity (RoE) of 10.4 percent and a return on capital employed (RoCE) of 11.6 percent.
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Shareholding Pattern
As per the September 2024 shareholding pattern, the Promoters hold a 44.55 percent stake in the company, while the retail investors holds a 55.44 percent stake in Konstelec Engineers.
Stock Performance
The stock has delivered multibagger returns of nearly 355.4 percent in one year, while around 98.6 percent of positive returns in the last six months. The shares of Conart Engineers have given positive returns of about 43 percent in the last one month.
About the Company
Conart Engineers Limited is engaged in the business of providing a full range of general contracting and project management services for industrial, commercial, and residential construction projects.
The company provides services to sectors like heavy machinery, pharmaceuticals, chemicals, textiles, and education.
Written by Shivani Singh
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