Technocraft Industries (India) Ltd (TIIL)

Technocraft Industries (India) Ltd Stock Price Posts 40% Gain in a Month - 19 Apr, 2024

The stock price of Technocraft Industries (India) Ltd has surged by 40% in the last month, bringing its annual gain to 51%. Despite a P/E ratio of 19.7x, which is lower than many Indian companies, earnings have deteriorated over the past year, leading to concerns about future performance.

Technocraft Industries Eyes Revenue Potential, Shuts Down Yarn Plant - 29 Mar, 2024

Technocraft Industries is set to produce aluminium formwork for infrastructure projects in Aurangabad, expecting revenues of up to ₹800 crore in the first year. The company has shut down its yarn plant in Murbad, opting for a more efficient facility in Amravati, resulting in cost savings of ₹50 lakh per month on electricity expenses alone.

Technocraft Industries Begins Aluminium Fabrication Manufacturing at New Maharashtra Facility - 27 Mar, 2024

Technocraft Industries' subsidiary, Technocraft Formwork Private Limited, has established a new unit specializing in aluminium fabrication with an installed capacity of 600,000 square meters. The facility began production on March 27, 2024, contributing to the company's scaffolding and formwork division that accounts for 38% of its revenue. While revenues increased by 5% YoY, net profit declined by 30% from Q3FY23 to Q3FY24. Technocraft Industries shares have gained 52% over the last 12 months but faced a 12% decline in the last six months.