Makes ramming mass for induction furnaces and quartz powder, with a ramming-mass facility in Newai, Rajasthan. Its listed XIRR return is 78.8%.
Business and Financial Highlights
- Growth: Operating Revenue increased from 65 in FY21 to 200 in FY25, with a reported CAGR of 32.6%; PAT reached 37, with a 41.8% CAGR.
- Debt: Total Debt was 7 and Debt / Equity was 0.04x in FY25.
- Cash flow: CFO was 39 and CFO / EBITDA was 72% in FY25.
Standard disclosures
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Regulatory disclosures
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Rating rationale
Minerva Capital Research Solutions endeavors to provide objective opinions and recommendations. Ratings are assigned to stocks according to their fair value vs current market price and then categorizes them as Buy, Hold, Reduce, Sell. The performance horizon is one year unless specified and fair value is defined as analyst’s valuation for a stock.
- Buy:> 15%
- Hold: -5% to 15%
- Reduce: -15% to -5%
- Sell: <-15%