Shraddha Prime Projects Achieves 52-Week High Amidst Strong Financial Growth and Challenges

Shraddha Prime Projects has made headlines today as its stock price reached a new 52-week high of Rs. 187.25, marking a significant milestone for the microcap realty company. This achievement comes after a remarkable performance over the past eight days, during which the stock has gained 29.23%. Notably, it has outperformed its sector by 2.36%, showcasing its strong market position.
The company has demonstrated impressive financial metrics, with net sales growing at an annual rate of 325.60% and operating profit soaring by 453.71%. In its latest quarterly results, Shraddha Prime reported a 9.98% increase in net sales, continuing a trend of positive results for six consecutive quarters. The profit before tax (PBT) grew by 117.7%, while profit after tax (PAT) surged by 135.1% compared to previous averages.

Despite its recent successes, the company faces challenges, including a high debt-to-EBITDA ratio of 7.96 times and a low return on capital employed (ROCE) of 9.14%. Nevertheless, with a remarkable one-year return of 225.65%, Shraddha Prime Projects continues to stand out in the market.