Sprayking Ltd Share Price – BSE

Non Ferrous Metals, Small Cap

Sprayking has successfully completed its first three months of production at the new manufacturing facility in Jamnagar, Gujarat utilizing recycled waste copper alloy scrap to manufacture high-quality copper alloy components.

Over the past three months, Sprayking has not received any non-compliance notices from the Pollution Control Board, demonstrating our commitment to environmental sustainability and regulatory adherence. Our new facility is equipped with state-of-the-art technology that ensures efficient recycle processes while maintaining strict environmental standards. In this facility company manufactures copper alloy components from recycled waste copper alloy scrap., commented the company.

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Sprayking will hold a meeting of the Board of Directors of the Company on 1 July 2024.

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Sprayking has received a substantial order of 25 tonnes of brass rod worth Rs. 1.5 crore from a new domestic client. This order marks a significant milestone for the company and underscores its growing presence in the domestic market. The order comes at an opportune time for Sprayking, as the company has recently inaugurated a new state-of-the-art manufacturing facility. This facility, equipped with advanced machinery and technology, has substantially enhanced the company's production capabilities and efficiency. The new factory represents a strategic investment aimed at meeting increasing demand and ensuring the highest standards of quality in brass rod production.

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Net profit of Sprayking declined 3.60% to Rs 1.07 crore in the quarter ended March 2024 as against Rs 1.11 crore during the previous quarter ended March 2023. Sales rose 154.35% to Rs 20.17 crore in the quarter ended March 2024 as against Rs 7.93 crore during the previous quarter ended March 2023.

For the full year,net profit rose 217.65% to Rs 5.40 crore in the year ended March 2024 as against Rs 1.70 crore during the previous year ended March 2023. Sales rose 425.92% to Rs 101.66 crore in the year ended March 2024 as against Rs 19.33 crore during the previous year ended March 2023.

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