3600% rally in one year! BSE-listed small-cap stock jumps 5% despite weak trends on Dalal Street
Dhanya Nagasundaram
Published 28 May 2025, 11:12 AM IST 3600% rally in one year. BSE-listed small-cap stock jumps 5% despite weak trends on Dalal Street
BSE-listed small-cap Elitecon International share price jumped nearly 5% on Wednesday's session following its Q4 results. The company on Tuesday reported an 93.8% year-on-year jump in its net profit for the fiscal's fourth quarter ended March (Q4FY25) to ₹ 12.21 crore. The company had reported a profit of ₹ 6.30 crore in the year-ago period. The company's net sales stood at ₹ 120.4 crores during the quarter ended March (Q4FY25) from ₹ 44.5 crore in Q4FY24, a year-on-year surge of 170.6%.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
37 minutes ago
- Business Standard
What's behind Solar Ind stock's 25% surge in 2 weeks? Mcap crosses ₹1.5 trn
Solar Industries India share price today Shares of Solar Industries India hit a new high of ₹16,814.3, up 3 per cent on the BSE in Tuesday's intra-day trade in an otherwise weak market. The BSE Sensex was trading 0.4 per cent or 347 points lower at 81,026 at 12:34 PM. The stock price of India's largest manufacturer of industrial explosives surpassed its previous high of ₹16,374.30, touched on May 30, 2025. In the past two weeks, the market price of Solar Industries has surged 25 per cent. Further, it has nearly doubled or zoomed 98 per cent from its February low price of ₹8,479.30 on the BSE. A sharp surge in stock price has seen the market capitalisation (market cap) of Solar Industries touch ₹1.5 trillion mark for the frist-ever time. The company's market cap hit ₹1.52 trillion in intra-day trade today. What's driving the rally in Solar Industries? Analysts believe Solar Industries is well positioned to witness healthy growth in the coming period, led by strong sector tailwinds. On Saturday, May 31, 2025, Solar Industries announced that the company received orders worth ₹402 crore from its customer Coal India for supply of Cartridge Explosives & Accessories, to be delivered over a period of two years. Strong Q4 & FY25 results Solar Industries achieved its highest-ever quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA) and profit after tax (PAT) at ₹546 crore and ₹371 crore, registering a growth of 47 per cent and 42 per cent year-on-year (YoY) and highest-ever yearly EBITDA and PAT at ₹2,031 crore and ₹1,288 crore, registering a robust growth of 44 per cent and 47 per cent in the year FY'25. The company achieved around 27 per cent EBITDA margin, which is more than its annual guidance. Strong growth expected in defence segment The defence sector revenue has increased from ₹517 crore to ₹1,355 crore showing growth of 162 per cent in Q4FY25. With an order backlog of ~₹15,200 crore (11.2x FY25 defence revenue) along with robust pipeline, the management believes that there is strong growth visibility in this segment. Supported by momentum, Solar Industries targeting total revenues of ₹10,000 crore in FY26. With this defence contribution in total revenue will be crossing 30 per cent from the current share of 18 per cent. The company anticipates huge opportunity for its defence products across global markets and expects defence revenue at ₹8,000 crore in next 4-5 years (40 per cent plus CAGR). Solar Industries has planned a capex of ₹2,500 crore for FY26 with focus on further expansion of product portfolio. The company had also entered into an MoU with the Government of Maharashtra to initiate the Anchor Mega Defence & Aerospace Project in Nagpur with an investment of around ₹12,700 crore (over the next 10 years), aimed at enhancing defence products like Drones, UAVs, Counter Drone systems, energetic materials, New Generation Explosives, and new Military transport Aircraft. I CICI Securities view on Solar Industries With a market leading share of ~25 per cent in the domestic industrial explosives market, analysts at ICICI Securities believe that the company is well poised to grow steadily led by healthy demand prospects from segments like mining, housing and infrastructure. The company witnessed some recovery in the explosives segment during FY25, led by 7 per cent volume growth with improvement in realisation. With an order backlog of ₹1,800+ crore in explosives and stable raw material prices, the brokerage firm expects ~15 per cent revenue compounded annual growth rate (CAGR) in this segment over FY25- 27E. In exports/overseas segment also; analysts expect a further recovery over FY26-27E, led by rising exports inflows with further sizable opportunities. However, the stock has achieved the brokerage's target price of ₹16,310 per share. About Solar Industries Solar Industries India, along with its subsidiaries, manufactures bulk explosives, packaged explosives and initiating systems, which find application in the mining, infrastructure and construction industries. The Group forayed into the defence sector in 2010 and diversified into the manufacturing of propellants for missiles and rockets, warheads and warhead explosives. At present, there are 32 manufacturing plants across nine states in India, in addition to seven overseas units in Zambia, Ghana, Nigeria, Turkey, South Africa, Tanzania and Indonesia.
Business Standard
39 minutes ago
- Business Standard
Avance Technologies Ltd Reports Strong FY25 Performance; Net Profit Rises to Rs. 5.30 Cr, Revenue Grows 19% Y-o-Y to Rs. 173.96 Cr
PNN Mumbai (Maharashtra) [India], June 3: Avance Technologies Ltd (BSE: 512149), a leading player in the digital solutions space, has reported robust financial results for the fourth quarter and full financial year ended March 31, 2025 (FY25). The company delivered a notable increase in its annual profitability and topline growth, indicating continued momentum in its core business. Highlights: * Mumbai-based tech company reports net profit of Rs. 5.30 crore in FY25 * Revenue from operations for FY25 stands at Rs. 173.96 crore, a 18% Y-o-Y growth * Q4FY25 Revenue at Rs. 48.31 crore; marginal net loss of Rs. 1.36 crore due to one-time tax expense * Strong operational base with strategic financial restructuring for long-term growth For the year ending March 31, 2025, the company posted net income of Rs. 173.96 crore, up from Rs. 146.82 crore in FY24, reflecting a 18.4% year-on-year increase. Net profit also rose to Rs. 5.30 crore, compared to Rs. 4.88 crore in the previous fiscal year, a 8.6% increase Y-o-Y. The Earnings Per Share (EPS) improved to Rs. 0.03, compared to Rs. 0.02 in FY24. The final quarter (January-March 2025) saw revenue of Rs. 48.31 crore, but incurred a net loss of Rs. 1.36 crore, primarily due to a deferred tax charge of Rs. 1.51 crore, which can be attributed to timing and seasonal adjustments. Despite these factors, the company remains confident in its long-term growth trajectory. Srikrishna Bhamidipati, Managing Director of Avance Technologies Ltd, said, "FY25 has been a landmark year for us. Our revenue trajectory validates our strategy of expanding digital solutions across new sectors. While the last quarter reflected some seasonality and adjustments, we are confident about maintaining strong momentum into FY26. We continue to invest in innovation, compliance, and long-term value creation." Avance Technologies' focus on streamlined digital offerings, combined with strong financial discipline and investment in strategic partnerships, has positioned the company well to capitalize on upcoming growth opportunities in fintech and enterprise solutions. The company delivers innovative services in areas such as digital transformation, automation, cloud integration, and customized enterprise software, helping businesses enhance operational efficiency and stay competitive in an evolving digital landscape. About Avance Technologies Limited Incorporated in 1985 and headquartered in Mumbai, Avance Technologies Limited offers IT and software development solutions with a focus on digital transformation, messaging services, and mobile marketing. The company is listed on BSE and serves clients across India, leveraging its expertise in cloud and SMS gateway technologies. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Business Standard
an hour ago
- Business Standard
Yes Bank Ltd leads losers in 'A' group
Aptus Value Housing Finance India Ltd, Avanti Feeds Ltd, H.G. Infra Engineering Ltd and Reliance Power Ltd are among the other losers in the BSE's 'A' group today, 03 June 2025. Aptus Value Housing Finance India Ltd, Avanti Feeds Ltd, H.G. Infra Engineering Ltd and Reliance Power Ltd are among the other losers in the BSE's 'A' group today, 03 June 2025. Yes Bank Ltd lost 9.93% to Rs 20.96 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 5285.4 lakh shares were traded on the counter so far as against the average daily volumes of 214.11 lakh shares in the past one month. Aptus Value Housing Finance India Ltd tumbled 8.50% to Rs 309.95. The stock was the second biggest loser in 'A' the BSE, 152.53 lakh shares were traded on the counter so far as against the average daily volumes of 31013 shares in the past one month. Avanti Feeds Ltd crashed 5.15% to Rs 782.9. The stock was the third biggest loser in 'A' the BSE, 1.09 lakh shares were traded on the counter so far as against the average daily volumes of 35964 shares in the past one month. H.G. Infra Engineering Ltd pared 4.72% to Rs 1077.75. The stock was the fourth biggest loser in 'A' the BSE, 7356 shares were traded on the counter so far as against the average daily volumes of 10222 shares in the past one month. Reliance Power Ltd fell 4.39% to Rs 59.3. The stock was the fifth biggest loser in 'A' the BSE, 227.06 lakh shares were traded on the counter so far as against the average daily volumes of 178.32 lakh shares in the past one month.
