Taparia Tools is a small-cap firm that operates in the capital goods sector with a market worth of 3 Cr.
Taparia Tools is a small-cap firm that operates in the capital goods sector with a market worth of 3 Cr. The company’s manufacturing facilities include a modern forging shop, machine shop, heat treatment facility, polishing facility, nickel chrome plating facility, and other production facilities. The facility has a fully equipped Quality Assurance Department and laboratory for rigorous and continuing raw material testing in addition to its manufacturing area.
In a filing with the stock exchange, the company stated that its Board of Directors
1. Considered to pay Interim Dividend for the F.Y. 2022-2023 @ 775% on its 30,35,750 Equity Shares of Rs. 10 each amounting to Rs. 23,52,70,625/- to be paid to those Shareholders whose names appear in the Register of Members on the Record Date, i.e. 16/03/2023.
2. It was suggested that the Authorized Share Capital of the Company be increased from Rs. 5,00,00,000 (Rupees five Crores only) divided into 50,00,000 (Fifty lahks) equity shares of Rs. 10 (Rupees ten only) each to Rs. 35,00,00,000 (Rupees thirty-five Crores only) divided into 3,50,00,000 (Three Crores Fifty Lakh) equity shares of Rs. 10 (Rupees ten).
The firm reported net sales of Rs. 193.32 crores in Q3FY23, an increase of 2.37% YoY from the Rs. 188.85 crores reported in Q3FY22. In the quarter that ended in December 2022, the firm reported a net profit of Rs. 19.29 crore, an increase of 6.62% year over year from the Rs. 18.10 crore earned in the quarter that ended in December 2021. In Q3FY23, Taparia Tools’ EPS increased to Rs. 63.56 from Rs. 59.61 in the same quarter the previous year.
On the BSE, Taparia Tools’ trading price is 11.02, as on March 09, 2023. The stock’s 52-week high was $12.14 on July 13, 2022, and its 52-week low was $10.50 on March 3, 2022. The business reported promoter shareholding of 69.72% and a public stake of 30.28% during Q3FY23.