Best Penny stocks: This microcap business was established in 2002 and has received ISO certification from TUV Nord. It specializes in the production, die-cutting, coating, and conversion of industrial specialty self-adhesive tapes. Recently, a government enterprise placed an order with it.
Best Penny stocks: Srivasavi adhesive tapes news
The press release states that BEML Ltd has issued a purchase order to Srivasavi Adhesive Tapes Ltd for the provision of self-adhesive goods. The order must be completed within three months and has a total value of Rs. 43,09,848 (GST included).
Srivasavi adhesive tapes share price today
In terms of share performance, Srivasavi Adhesive Tapes Ltd.’s shares opened at Rs 115.10 per share at the beginning of the trading day, down from Rs 118.10 per share at the end of the previous day on the NSE. The shares ultimately finished at Rs 117.10 per. At present, the market valuation of the company is Rs 166 crore.In addition, over the last month, the company’s shares have returned over 20%.
Srivasavi adhesive tapes Q2 2025 results
According to the firm’s March 2024 half-yearly results, Srivasavi Adhesive Tapes Ltd. generated Rs 37.26 crore in revenue. The company does not release quarterly results. The company declared an operational profit of Rs 3.58 crore. In contrast to the profit of Rs 1.81 crore, the net profit was Rs 2.39 crore.According to the company’s annual performance, FY24 had sales of Rs 77.33 crore.Compared to FY23’s net profit of Rs 3.62 crore, FY24’s operational profit was Rs 7.76 crore with a net profit of Rs 5.15 crore.The promoters possess about 73.21 percent of the company’s shares, while public investors own 26.79 percent, according to the shareholding structure.
