The shares of the gas distribution service provider gained up to 5 percent after the Ministry of Corporate Affairs approved the incorporation of a subsidiary of the company.
With a market capitalization of Rs 100.89 crore, the shares of Rudra Gas Enterprise Ltd were trading at Rs 121.00 per share, increasing around 0.54 percent as compared to the previous closing price of Rs 120.35 per share.
Reason for Rise
The shares of the company have seen positive movement after the Ministry of Corporate Affairs authorized the formation of a subsidiary of Rudra Gas Enterprise Ltd named Rudra Global Green Energy Private Ltd.
The Subsidiary’s incorporation has allowed the Company to broaden its commercial horizons and accomplish a shared objective by combining resources and expertise to boost the Company’s performance.
Financial performance
Analyzing a company’s financial performance, revenue grew by 25 percent from Rs 31.62 crore in H1FY24 to Rs 39.57 crore in H1FY25, during the same time frame, the company’s net profit zoomed significantly by 4 percent from Rs 2.51 crore to Rs 2.61 crore.
Ratio analysis
The company’s critical ratios show that the return on equity decreased from 44.08 percent in FY22-23 to 18 percent in FY23-24, while the return on capital employed decreased from 44.47 percent to 26.77 percent. The net profit margin (NPM) for fiscal year 23-24 is 7.41 percent.
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Shareholding pattern
In the company’s recent shareholding pattern, the Promoters of the company own 73.04 percent while Retail shareholders own a 75.32 percent stake in the company and domestic Institutional Investors own a 0 percent stake.
Strong Order Book
The company boasts a strong order book of ₹328 Cr, with ₹75 Cr in revenue already booked. Having executed over 50 projects worth ₹127 Cr, its clientele spans public and private sectors in city gas distribution and telecommunications, showcasing robust industry presence and execution capabilities.
Company profile
Rudra Gas Enterprise Ltd provides services in the fields of pipeline construction, civil works, and operation and maintenance of pipeline networks in city gas distribution. The company also provides services for the installation of fiber optic cables and their maintenance.
Written by:- Abhishek Singh
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