with a market valuation of 3.19 Cr, Taparia Tools is a Small-cap company operating in Capital Goods industry. Modern forge shops, machines, heat treatment, polishing, nickel chrome plating and other production facilities are part of the company’s manufacturing facilities. Apart from its manufacturing space, the plant has a fully equipped quality assurance department and laboratory for rigorous and ongoing raw material testing.
The company said in a stock exchange filing today that its board of directors has “1. for the financial year 2022-2023 on its 30,35,750 equity shares of Rs. 10/- each amounting to Rs. 23,52,70,625/- will be paid to those shareholders whose names appear in the register of members as on the record date i.e. 16/03/2023. 2. Recommended increase in the authorized share capital of the company from 5,00,00,000/- (Rupees Five Crore only) to 50,00,000/- (Fifty Lakhs) divided into equity shares. 10/- (Rupees ten only) each to Rs. 35,00,00,000/- (Rupees Thirty Five Crore Only) divided into 3,50,00,000 (Three Crore Fifty Lakh) equity shares of Rs. 10/- (Rupees ten only) each.”
During Q3FY23, the company registered a net sales of 193.32 Crore, up 2.37% YoY from Rs. 188.85 crore was recorded in Q3FY22. The company recorded a net profit of Rs. 19.29 crore during the quarter ended December 2022, an increase of 6.62%. 18.10 crore was recorded in the quarter ending December 2021. Taparia Tools’s EPS was Rs. 63.56 in Q3FY23 as compared to Rs. 59.61 was recorded in the year-ago quarter.
The previous trade price of Taparia Tools was at a 52-week low recorded on February 24, 2023. 10.50 on BSE with an intraday gain of 5%. The stock has fallen 4.72% in last 1 year. The stock touched a 52-week high 12.14 (13/07/2022) and 52-week low 10.50 (02/03/2022). During Q3FY23, the company registered a promoter shareholding of 69.72% and public shareholding of 30.28%.
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