SYNOPSIS: The company’s Promoter and MD of Udayshivakumar Infra, acquired 99,999 shares via open market purchase on NSE, increasing his stake in the company from 65.26 percent to 65.77 percent.
During Friday’s trading session, shares of a micro-cap company involved in the business of civil construction works surged more than 12 percent on BSE, after the company’s promoter and managing director (MD) acquired shares and increased its stake to 65.77 percent.
With a market cap of Rs. 157.6 crores, shares of Udayshivakumar Infra Limited were trading in the green at Rs. 28.48 on BSE, up by around 10 percent, compared to its previous closing price of Rs. 25.87. The stock has delivered negative returns of around 35 percent in one year, but has gained by over 38 percent in the last one month.
News
As per the latest disclosures with the stock exchanges, Udayshivakumar, Promoter and Managing Director of Udayshivakumar Infra Limited, has bought an additional 99,999 equity shares in the company for Rs. 23.17 lakhs, through an open market purchase on NSE.
Following this purchase, his total shareholding has increased to 3,62,26,999 equity shares, raising his stake from 65.26 percent (3,61,27,000 shares) to 65.77 percent of the company’s total paid-up share capital.
Financials
Udayshivakumar Infra reported a marginal growth in consolidated revenue from operations of around 6 percent, from Rs. 44.76 crores in Q3 FY25 to Rs. 47.4 crores in Q3 FY26. However, it reported a net loss of Rs. 4.7 crores from a profit of Rs. 1.5 crores.
The company seems to have been doing well on the execution side as the inventory days declined to 365 from 623, reflecting a reduction from the previous year’s peak, though levels remained significantly higher compared to earlier periods. Also, the inventories and trade receivables have decreased to Rs. 58 Crores and Rs. 12 Crores respectively.
Udayshivakumar Infra Limited is engaged in the business of civil construction works from the state government, central government and government civic bodies and corporations.
The company undertake construction of roads including national highways, state highways, district roads under PM’s Smart City Mission projects, smart roads under Municipal Corporations, Bruhat Bengaluru Mahanagara Palike (BBMP) and local area roads in various taluka places etc., in Karnataka, along with the construction of bridges across major and minor rivers, railway over bridges (ROB), major and minor irrigation and canal projects, and industrial areas.
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