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Sunita Tools Ltd Stock performance
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KEY OBSERVATIONS

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noteAnnual Revenue,rose 14.72%, in the last year to ₹30.15 Cr. Its sector's average revenue growth for the last fiscal year was 12.07%.
noteAnnual Net Profit,rose 4.98% in the last year to ₹5.09 Cr. Its sector's average net profit growth for the last fiscal year was 25.86%.
noteInterest Coverage Ratio,is 16.03, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
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The company was incorporated as Sunita Tools Private Limited on January 12, 1988 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration number 045850. The status of the Company was changed to public limited and the name of the Company was changed to Sunita Tools Limited vide Special Resolution dated April 12, 2023. The fresh certificate of incorporation consequent to conversion was issued on April 28, 2023 by the Registrar of Companies, Mumbai.Sunita Tools has been in the Engineering and Mould base Industry for more than three decades providing one of its kind customized solutions to various industries with a vision to fulfill tomorrow’s requirements today. The company manufacture Ground Plates, Mould Bases and Precision CNC Machining. Its products are a pre-requisite and act as food to the Manufacturing industries be it Automotive, Pharmaceutical, Electronics, Consumer Goods and most of the Manufacturing Sectors. Its products are mould base and machining parts which are industrial capital goods which undergoes stringent quality tests to meet industry standards before they are delivered to its clients.The company’s manufacturing facility in Vasai, Mumbai has many strategic advantages. The area in which it is located is a well-developed industrial area providing easy availability of resources, easy to fro logistics transportation enhances efficiency of timely delivery as per convenience of customers. This location gives a competitive edge over competitors to its business. Its manufacturing facility has proper infrastructure, availability of labour, water and power supply. The company’s ability to produce customized quality products, compatible products, guidance throughout the design and manufacturing process, after sale technical support provides it significant competitive advantages. Its commitment to compatibility makes its products services a flexible and versatile choice compared to others. It endeavor to promptly address any concerns of its business associates through significant senior management engagement.Business area of the companyThe company manufactures mold base and machining parts for Automotive, Pharmaceutical, Electronics, Consumer Goods, and Manufacturing Sectors.Major Events1988: Incorporation of the company Sunita Tools Private Limited.2003: Council of International Awards U.K. Best performer – Awarded Year 2002-2003.2009: Engineered Tooling Solution (Larsen Turbo) vendor meet – 2008.2011: Turnover of the company crossed Rs 5 crore.2013: First Export revenue generated by the company.2015: Heavy business loss Networth eroded.2018: Synergy - Sidel India (Pune) Best Performer for the year 2017.2022: Turnover of the Company crossed Rs 8 crore.2023: Turnover of the Company crossed Rs 13 crore.2023: Company converted from Private Limited Company to Public Limited Company vide special resolution passed at General Meeting dated April 12, 2023.
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