After receiving an order for Rs. 4.16 crore, Chemical Stock, which manufactures, trades, and exports chemicals, hits the 2 percent upper circuit in today’s trading.
Mahickra Chemicals Limited’s shares hit a 2 percent upper circuit at Rs. 99.70 during the day’s trading, giving it a market capitalization of Rs. 81 crores.
Mahickra Chemicals Limited has got an export order for Rs. 4,16,85,000 (four crore sixteen lakh and eighty-five thousand), according to the company’s NSE report.
Mahickra Chemicals Limited hopes to earn a hundred billion dollars a year from exports in the next few years. The strategic approach centres on broadening our range of products, venturing into untapped market sectors, and forging robust alliances to bolster our worldwide reach.
With earnings of Rs. 3.35 crore to Rs. 3.28 crore, the company’s operating revenue increased by 0.71 percent from Rs. 102.28 crore in FY22 to Rs. 103.01 crore in FY23.
Its reported returns on equity (ROE) and capital employed (ROCE) are 10.9 and 13.7%, respectively. Considering that its income is growing extremely slowly, these are respectable returns on equity and capital employed.
The company’s promoters own 53.84 percent of the shares, foreign institutional investors (FII) have 0.00 percent, and domestic institutional investors hold 0.59 percent, according to the most recent shareholding data available for the September 2023 quarter.
