Anugraha Valve Castings Limited FY24 Results: 10x Profit Growth! Time To Invest? | Stock Market News

Anugraha Valve Castings Limited FY24 results are out. This company manufactures parts or components for industrial valves from steel, which are used in various industries. The company's performance has seen significant improvement.

1. The company's revenue grew by 20.2%, increasing from ₹317 crore to ₹380 crore in FY24.
2. The company achieved a net profit of ₹21 crore in FY24, which is 10 times more than the ₹2 crore net profit in FY23. This growth reflects a substantial improvement in the company's overall profitability. The net profit margin increased from 0.58% to 5.4% in FY24, showcasing commendable improvement in operational efficiency.
3. There was also a significant increase in EPS (Earnings Per Share), rising from ₹6 to ₹58 in FY24. This indicates a considerable improvement in the company's per-share profitability.

The company is currently trading at a 9.7 P/E ratio, which is quite undervalued compared to its peers. Additionally, promoters have been continuously increasing their stake in the company for the past four years. However, margins have been quite volatile over the last few years. This may be the right time to invest in the company.

About Anugraha Valve Castings Limited:

Anugraha Valve Casting Limited is a steel foundry, which primarily operates in the production of industrial valve castings with size ranging from 0.5” to 32” according to ASTM and EN specifications in raw and fully machined condition.
For the last two decades, Anugraha has been serving the major valve manufacturers who cater to the engineering, petroleum, chemical, and gas industries globally. Apart from that, the company also generates revenue from 6 wind turbine generators with a capacity of 6,850 MVA and a solar plant with a capacity of 500 KW. Anugraha exports over 6,000 metric tons of steel, stainless steel, alloy steel, nickel based alloy, duplex and super duplex steel castings per annum in raw and fully machined condition

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