Elite Conductors

Why is Elite Conductors Ltd falling/rising?

As of 11-Jun, the stock price of Elite Conductors Ltd is stable at 50.00, but it has significantly underperformed against the Sensex, which has declined over various periods. The stock shows erratic trading behavior and is below all key moving averages, indicating a bearish trend.

As of 11-Jun, the stock price of Elite Conductors Ltd is currently stable at 50.00, showing no change (0.00%). However, the stock has underperformed significantly compared to the benchmark Sensex, which has declined by 1.09% over the past week and 2.75% over the past month. Year-to-date, the stock has not moved, while the Sensex has dropped by 11.36%. Over the past year, Elite Conductors Ltd has also remained unchanged, contrasting with the Sensex's decline of 7.87%. <BR><BR>The stock's performance is further illustrated by its trading activity; it has not traded on 5 out of the last 20 days, indicating erratic trading behavior. Additionally, it is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), which typically suggests a bearish trend. Despite the BSE Small Cap index gaining by 1.42%, Elite Conductors Ltd's performance has been notably poor, underperforming its sector by 100.2%. <BR><BR>Overall, the lack of price movement combined with underperformance against the market and poor trading activity suggests that the stock is not rising and is instead facing downward pressure.

What does Elite Conductors do?

Elite Conductors Ltd is a Micro Cap company in the Non-Ferrous Metals industry, with no reported sales or profits for the latest quarter. It has a market cap value categorized as Micro Cap and shows no financial metrics such as P/E, dividend yield, or return on equity.

Overview:<BR>Elite Conductors Ltd operates in the Non-Ferrous Metals industry and is categorized as a Micro Cap company.<BR><BR>History:<BR>The incorporation year and any status changes are not provided. There is no sales or profit data reported for the latest quarter.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR Cr (Micro Cap)<BR><BR>Key Metrics:<BR>Industry P/E: N/A<BR>Dividend Yield: 0.00%<BR>Debt Equity: 0.00<BR>Return on Equity: 0.00%<BR>Price to Book: 0.00<BR><BR>Contact Details:<BR>Address: 18, 19, Changodarindustrail Estate Part Ii, Sarkhej Bavla Highway, Changodar, Ahmedabad Gujarat : 382213<BR>Phone: +91-2717-250703<BR>Email: info@eliteconductors.com<BR>Website: www.eliteconductors.co.in

Which are the latest news on Elite Conductors?

How big is Elite Conductors?

No Data Available for the Stock

Who are in the management team of Elite Conductors?

The management team of Elite Conductors includes Dharmesh Kanubhai Shah (Managing Director), Mukesh Hiralal Shah, Jiten Hasmukhbhai Shah, Hitendra Mulchandbhai Doshi (all Non Executive Independent Directors), Kanubhai Shantilal Shah, Prashant Kamleshbhai Shah, Pilak Rajendra Shah, and Amita Dharmesh Shah (all Non Independent & Non Executive Directors), along with Sourabh Vijay Kumar Patawari (Company Secretary).

The management team of Elite Conductors includes the following individuals:<BR><BR>1. **Dharmesh Kanubhai Shah** - Managing Director<BR>2. **Mukesh Hiralal Shah** - Non Executive Independent Director<BR>3. **Jiten Hasmukhbhai Shah** - Non Executive Independent Director<BR>4. **Kanubhai Shantilal Shah** - Non Independent & Non Executive Director<BR>5. **Hitendra Mulchandbhai Doshi** - Non Executive Independent Director<BR>6. **Prashant Kamleshbhai Shah** - Non Independent & Non Executive Director<BR>7. **Pilak Rajendra Shah** - Non Independent & Non Executive Director<BR>8. **Sourabh Vijay Kumar Patawari** - Company Secretary<BR>9. **Amita Dharmesh Shah** - Non Independent & Non Executive Director<BR><BR>If you have any more questions about the company or its management, feel free to ask!

Who are the peers of the Elite Conductors?

No Peers Information Available

Who are the top shareholders of the Elite Conductors?

The top shareholder of Elite Conductors is Dharmesh Kanubhai Shah, who holds 55.34% of the shares. There are no pledged promoter holdings, and individual investors own only 0.05% collectively, with no mutual funds or foreign institutional investors involved.

The top shareholders of Elite Conductors are primarily the promoters, with Dharmesh Kanubhai Shah holding the largest share at 55.34%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. Additionally, individual investors collectively hold a very small percentage of 0.05%.

How has been the historical performance of the Elite Conductors?

Elite Conductors has shown steady growth, with total reserves increasing to Rs 7.89 crore and shareholder's funds rising to Rs 8.98 crore as of March 2024. Profit before tax doubled to Rs 2.00 crore, indicating improved operational performance and financial strength.

Answer:<BR>The historical performance of Elite Conductors shows a steady growth in shareholder's funds and total reserves, with no standalone results declared. As of March 2024, the total reserves reached Rs 7.89 crore, up from Rs 5.97 crore in March 2023, indicating a positive trend. Shareholder's funds also increased to Rs 8.98 crore from Rs 7.06 crore in the previous year. Long-term borrowings decreased slightly to Rs 3.15 crore in March 2024 from Rs 3.50 crore in March 2023, while short-term borrowings rose to Rs 6.98 crore from Rs 5.48 crore. The total liabilities increased to Rs 21.61 crore from Rs 17.66 crore, reflecting a growing financial structure. The total assets also rose to Rs 21.61 crore, mirroring the increase in liabilities. The book value per share improved significantly to Rs 82.04 from Rs 64.51, showcasing enhanced shareholder value. Profit before tax for March 2024 was reported at Rs 2.00 crore, doubling from Rs 1.00 crore in March 2023, indicating a positive operational performance.<BR><BR>Breakdown:<BR>Elite Conductors has demonstrated a consistent upward trajectory in its financial metrics over the years. The total reserves have increased significantly, reflecting a strong accumulation of retained earnings, while shareholder's funds have also shown robust growth. The company's long-term borrowings have decreased, suggesting improved financial management, although short-term borrowings have risen, indicating a potential increase in operational financing needs. Total liabilities and total assets have both escalated, maintaining a balanced growth in the company's financial structure. The notable rise in book value per share highlights the company's commitment to enhancing shareholder value. Furthermore, the profit before tax has shown a marked improvement, indicating a positive shift in operational efficiency and profitability. Overall, these metrics suggest that Elite Conductors is on a solid growth path, with increasing financial strength and operational performance.

When is the next results date for Elite Conductors?

No Upcoming Board Meetings

Has Elite Conductors declared dividend?

No Dividend History Available