Board okays Q1 results, Rs 22.2 cr fundraise, UHP capex, director changes

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+5.9%Reaction day

₹194.60

prior close

₹206.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+4.5% vs market

Iron & Steel Products peers, median of 103sector+0.4%+5.4% vs sector

On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 5.4 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-12.3

10m

-13.0

15m

-12.5

30m

-12.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.9+1.3+4.5+0.4+5.4

Next day

+12.0+1.8+10.2+1.1+10.9

+7.9+3.1+4.8+1.3+6.6

+10.4+3.5+7.0+1.1+9.3

+5.8+3.5+2.3+0.2+5.5

+11.5+3.4+8.1+0.4+11.2

+11.0+3.6+7.4-0.3+11.3

15d

+12.0+4.9+7.2-1.1+13.1

+23.3+4.4+18.9+1.9+21.4

+4.3+2.9+1.4+2.8+1.5

—————

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 103Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q1 FY27 revenue rose to Rs 35.19 cr from Rs 26.62 cr YoY; net profit doubled to Rs 45.14 lakh vs Rs 21.07 lakh. Board approved Rs 22.20 cr fundraise via preferential shares at Rs 180 and warrants to WSG Korea. Rs 27.50 cr capex to add 500 MTPA UHP tube capacity in 12 months. Order book Rs 114 cr. Vishwambhar C. Saraf (87) resigns; son Ritvik Saraf joins as promoter director; Rajendra C. Saraf named Non-Executive Chairman.

Likely market impact

Fundraise plus capex show growth push in UHP tubes. Small profit base though more than doubled YoY. Promoter family succession underway.