Stock under ₹120 jumps over 4% after receiving ₹36 Cr order for supply of Cascades

During Tuesday’s trading session, the shares of a company engaged in the business of CNG/oxygen cylinders surged nearly 4.2 percent to Rs. 112.5 on BSE, after the company announced receiving an order worth Rs. 36 crores from a leading client.

Stock Performance

With a market cap of Rs. 279.6 crores, at 02:11 p.m., the shares of Confidence Futuristic Energetech Limited were trading in the green at Rs. 111.75, up by nearly 3.5 percent, compared to its previous closing price of Rs. 107.95.

The stock delivered negative returns of nearly 1.6 percent in one year, while around 9.3 percent of positive returns in the last one month. 

What’s the news

According to the latest regulatory filings with the BSE, Confidence Futuristic Energetech Limited announced receiving an order valued at Rs. 36 crores from a leading client.

The company’s wholly-owned subsidiary, Confidence Enterprise Private Limited, received this order for the supply of Cascades in various sizes.

This development marks an important milestone in the company’s ongoing growth and underscores the rising demand for its innovative energy solutions.

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Financials

Confidence Futuristic Energetech experienced a significant growth in its revenue from operations, showing a year-on-year increase of around 108.8 percent from Rs. 29.7 crores in Q3 FY24 to Rs. 62 crores in Q3 FY25.

Similarly, its net profit increased during the same period from Rs. 1.09 crores to Rs. 2.7 crores, indicating an impressive growth of nearly 147.7 percent YoY.

Key Financial Ratios

In terms of key financial metrics, Confidence Futuristic Energetech has a Return on Equity (RoE) of 5.54 percent and a return on capital employed (RoCE) of 7.27 percent. Additionally, the company’s debt-to-equity ratio stands at 0.7

About the company

Confidence Futuristic Energetech Limited is engaged in the Parallel LPG Market by the name of pack cylinder division with ‘GO GAS ELITE’ as its brand and is engaged in the business of selling LPG to both domestic and commercial users at competitive rates. Further, the company is a 61.87% subsidiary of Confidence Petroleum India Limited (a BSE/NSE listed company).

Written by Shivani Singh

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