During Thursday’s trading session, the shares of a manufacturer of Electrical Machinery surged 4.3 percent to Rs. 71.99 on BSE, after the company announced the development of Power Module for Armored Vehicles in collaboration with Indian Army.
With a market cap of Rs. 226.3 crores, the shares of Aartech Solonics Limited closed in the green at Rs. 71.23, up by 3.2 percent, as against its previous closing price of Rs. 69.03.
What’s the news:
Aartech Solonics Limited, in collaboration with Sudarshan Chakra Corps (EME) of the Indian Army and IIT Mumbai, has announced the development of Power Module for Armored Vehicles.
According to the latest regulatory filings with the stock exchanges, the company will develop the Adaptive Alternate Power Module (AAPM), a revolutionary indigenous innovation for Armored Fighting Vehicles (AFVs) and Guns, including the K9 Vajra.
This technology is designed to deliver regulated DC power to tanks and guns based on the required load, eliminating the need to switch on the main engine. This breakthrough technology extends engine life, reduces fuel consumption, and enhances operational efficiency in extreme conditions.
This innovation marks a significant step towards Atma Nirbhar Bharat, showcasing the power of coordinated efforts between the armed forces and the Indian industry.
Financials:
Aartech Solonics reported a significant growth in revenue from operations, experiencing a quarter-on-quarter increase of nearly 42.4 percent, rising from Rs. 6.61 crores in Q1 FY25 to Rs. 9.41 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 1.04 crores to Rs. 1.51 crores, representing a rise of around 45.2 percent QoQ.
Key Financial Ratios:
In terms of key financial metrics, Aartech Solonics has a Return on Equity (RoE) of 1.64 percent and a return on capital employed (RoCE) of 4.81 percent. Additionally, the company’s debt-to-equity ratio stands at 0.13.
Also read….
Stock Performance:
The stock has delivered positive returns of nearly 47.7 percent in one year, but around 7.2 percent of negative returns in the last six months. So far in 2024, the shares of Aartech Solonics have given positive returns of about 50.2 percent.
About the company:
Founded in 1985, Aartech Solonics Limited is an India-based system solution-oriented research and development company that is engaged in the field of manufacturing specialised and selected energy appliances. It is engaged in the manufacturing of electricity distribution and control apparatus.
The company offers wedge tightness detectors, ultracapacitors, control relay panels, load checkers, flat current limiters, and uninterruptible power supply (UPS).
Written by Shivani Singh
Disclaimer
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.
Start Your Stock Market Journey Today!
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!!
