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Micro cap stock jumps 17% after company received work order from Saudi Arabian company 

Published 22-05-2024, 11:32 am
Micro cap stock jumps 17% after company received work order from Saudi Arabian company
MSTC
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Engineering stock engaged in the business of manufacturing plastic engineering components and sub-assemblies jumped 17 percent in the day’s trade upon receiving a work order from a Saudi Arabian Company

With a market capitalization of Rs. 73 Crores, the shares of Master Components Limited were trading at Rs. 181, up 6.47 percent from its previous day’s close price of Rs. 170.

Master Components Limited has received a purchase order for a consideration of USD 53,553.14 or Rs. 44.59 Lakhs from a Saudi Arabian company for the supply of molded thermoset parts and the order is to be executed in June 2024.

Master Components Limited is engaged in the business of manufacturing plastic engineering components and sub-assemblies. It is specialized in thermoplastic injection molding, thermoset injection molding, and transfer molding compression molding.

Its product portfolio includes Electrical Components (Thermoplastics), Automotive Components, Electrical Components (Thermoset), Medical Components, Thermoset Moulding, Industrial Components and many more.

Its Revenue from operations grew by 13.51 percent from Rs. 18.24 Crores in FY22 to Rs. 20.7 Crores in FY23, accompanied by increasing profits of Rs. 94 Lakhs to Rs. 1.71 Crores

In terms of return ratios, it has reported a return on equity (ROE) of 15.83 percent, a return on capital employed (ROCE) of 20.85 percent, and a debt-to-equity ratio of 0.12.

Written by: Bharath K.S

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