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Stock hits 5% upper circuit after receiving ₹2.1 Cr order for 3D printers and equipments 

Published 10-10-2024, 12:14 pm
Updated 10-10-2024, 05:45 pm
© Reuters.  Stock hits 5% upper circuit after receiving ₹2.1 Cr order for 3D printers and equipments 

Shares of this recently listed printing stock surged to hit the upper price band on Thursday, following the announcement of a significant order valued at Rs.2.1 crore. This order entails the supply of 3D printers and various other 3D equipment, highlighting the growing demand for advanced printing solutions in the market.

Price Movement

In Thursday’s trading session, Wol 3D India Limited‘s share price reached the 5 percent upper circuit limit, rising to Rs.165.15 per share from the previous close of Rs.157.30. On September 30, 2024, WOL 3D Ltd’s IPO debuted on the NSE SME platform, initially priced at Rs.150 each, and opened at Rs.180 apiece, indicating a 20 percent gain over the issue price.

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Order specifications

Segment Order Amount Description
Raw Materials (3D Filaments, Resin etc) ₹13,10,000 High-quality 3D printing materials, including filaments and resins, to create unique prints.
3D Pen ₹3,00,000 A kid-friendly magic 3D pen designed for drawing and crafting.
3D Printer, Scanners & Lasers ₹1,34,00,000 3D printer featuring a resume function, easy assembly, and high speed. Includes FDM printers, resin printers, and a 3D scanner that captures the shape and colour of objects. A 3D laser engraver that utilises a laser beam to create 3D images on various materials, such as wood, glass, metal, and acrylic.
Spare part ₹60,00,000 Mini mobile concrete batching plant.
Total ₹2,10,10,000

Core Offerings

The company offers core products, including various 3D printers (desktop, industrial, resin, DIY), 3D scanners, laser engravers, and 3D pens. Their consumables feature high-quality filaments and resins, such as ABS and PLA. Additionally, they provide prototyping services

using Fused Deposition Modeling (FDM), Stereolithography (SLA), and Selective Laser Sintering (SLS), along with CAD/CAM modelling and reverse engineering.

Financial Performance

In its latest financial update, the company reported net sales of Rs.39.59 crore in FY24, reflecting a 70 percent increase from Rs.23.31 crore in FY23. Moreover, net profits surged remarkably by 109 percent to Rs.5.03 crore in FY24, compared to Rs.2.41 crore in FY23, highlighting significant growth during this period.

About the company

WOL 3D India Ltd. specialises in providing 3D printing solutions that facilitate easier prototyping across various sectors, including manufacturing, education, and healthcare. Established in 2015, the company aims to bridge the gap between ideation and manufacturing by offering high-quality, cost-effective products such as 3D printers and pens.

Written by – Siddesh S Raskar

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