Centum Elect
Centum Electronics was locked on the 10% upper circuit for two consecutive days post its Q2 performance. This company, making electronics, especially for the defense and aerospace posted a robust net profit on strong revenue growth. Consolidated net sales rose 78% at Rs.112 crore and this pushed up the net profit to Rs.10 crore compared to the net loss of Rs.12 crore in Q2FY13. For H1Fy14, net profit has come in at Rs.17 crore and this has already surpassed the net profit of Rs.9 crore it had posted for entire fiscal FY13. Clearly, the company is going to end current fiscal with indeed a big bang!
The Rs.10 face value stock has an equity capital of Rs.12.37 crore. Promoters hold 61.27% stake, there is a miniscule 0.01% FII holding and no DII holding. Its market cap is less than Rs.150 crore. As at 30th Sept 2013, the company had a reserves of Rs.104 crore and cash and bank balance stood at Rs.6 crore.