Latteys Industries Ltd Stock: Shares of the solar power pump manufacturer Latteys Industries Ltd now in focus.
This stock was also expected to increase. The company has been given a large order.
What Is The Order?
The company received an order to purchase 1,000 solar water pumping systems for the PM-Kusum program by the Rajasthan Horticulture Department.
The purchase is estimated to be around 30 crore rupees. The contract covers the installation and supply of 5HP, 3HP, and 7.5HP submersible and surface pumps, with a variety of controllers across Rajasthan.
It is registered for similar installations within Madhya Pradesh and is expected to receive orders from the state shortly.
The project was commissioned by the Horticulture Commission from Rajasthan and is a commercial domestic order expected to be completed by March 2025.
Company Business
Latteys Industries Limited manufactures pumps and pumping equipment. The company produces pumping solutions for the home agricultural, industrial, and home sectors.
Latteys Industries serves customers in India. The company is listed on the stock exchange with a market capitalization of Rs 100 crores and a three-year price CAGR of 60 percent.
Based on its quarterly report, the company reported net sales of 17.28 crore rupees. It also reported operating earnings of the amount of Rs 1.17 crore and a net profit of Rs 0.30 crore for Q4 FY24.
The company’s net revenue for FY24 increased 21.7 percent to Rs 63.65 crore, while net profits grew by 15 percent, reaching the amount of 1.50 crore rupees, in comparison to FY23.
Share Status
Latteys Industries Limited yesterday closed with the upper circuit at 5 percent, which was at the price of Rs 18.04 for each share.
The stock had the highest intraday price of 18.04 rupees and the intraday low was 18.04 rupees. The stock has the highest 52-week price of Rs 45.50 and an average 52-week low of Rs 13.
Today again it hit the upper circuit.
The stock has delivered an average multibagger return of 273 percent over 3 years.
Latteys Industries Ltd Stock Performance
| Current Price | ₹ 19.88 |
| 52-wk High | ₹ 45.5 |
| 52-wk Low | ₹ 13.0 |
| 5 Days Return | 16.26% |
| 1 Month Return | 38% |
Key Fundamentals Parameters
| Market Cap | ₹ 109 Cr. |
| Stock P/E | 68.1 |
| Book Value | ₹ 3.21 |
| Dividend | 0.00 % |
| ROCE | 11.9 % |
| ROE | 9.07 % |
| Face Value | ₹ 2.00 |
| P/B Value | 5.91 |
| OPM | 7.79 % |
| EPS | ₹ 0.26 |
| Debt | ₹ 16.9 Cr. |
| Debt to Equity | 0.92 |
Latteys Industries Ltd Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 72.08% |
| June 2023 | 72.08% |
| Sept 2023 | 72.08% |
| Dec 2023 | 72.08% |
| Mar 2024 | 72.08% |
| Public Holding | |
| Mar 2023 | 27.92% |
| June 2023 | 27.90% |
| Sept 2023 | 27.92% |
| Dec 2023 | 27.92% |
| Mar 2024 | 27.92% |
Latteys Industries Ltd Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 24.17 Cr |
| 2021 | ₹ 26.81 Cr |
| 2022 | ₹ 40.73 Cr |
| 2023 | ₹ 52.32 Cr |
| 2024 | ₹ 63.65 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ 0.42 Cr |
| 2021 | ₹ 0.51 Cr |
| 2022 | ₹ 1.03 Cr |
| 2023 | ₹ 1.31 Cr |
| 2024 | ₹ 1.50 Cr |
Conclusion
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience, and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
If you’re new to our site and want to be updated on the latest market information, you can join us on the Telegram Group(Link below).
If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations.
