Oswal Greentech Limited, established in 1981 and headquartered in New Delhi, India, predominantly operates in real estate development and strategic investments. The company’s activities span trading real estate assets, equity investments, and extending inter-corporate deposits.
In a significant move to bolster its influence and reaffirm its commitment to stakeholders, Oswal Greentech, the promoter of Oswal Agro Mills Limited (OAML), has recently acquired a 4.97% stake, equivalent to 66,82,109 shares, in OAML.
Prior to this acquisition, Oswal Greentech held 1,000 equity shares in the company. While the acquisition does not stem from any immediate operational necessity, it aims to enhance market confidence, provide strategic agility, and consolidate the promoters’ control over the enterprise.
Oswal Agro Mills Limited, founded in 1979, operates across key sectors, including real estate development, commodity trading, and investment management. The company also lends surplus funds as interest-bearing inter-corporate deposits. In FY24, Oswal Agro Mills reported a turnover of ₹1.86 crore. Prominent stakeholders in the company include Aruna Oswal with a 41.74% holding, Shallu Jindal with 0.12%, and Pankaj Oswal holding 0.06%.
Financially, Oswal Greentech witnessed a promising turnaround in the second quarter of FY2024-2025, reporting a net profit of ₹3.94 crore compared to a net loss of ₹3.23 crore in the corresponding period of the previous year. Year-over-year net sales surged by 31.69%, reaching ₹14.96 crore.
Despite this resurgence, the company faces hurdles in sustaining profitability. Profitability experienced a dramatic 221.88% year-over-year decline, coupled with a 15.71% dip compared to the preceding quarter. Additionally, the operating profit margin turned negative at -1.74%, slipping from 4.42% in the previous quarter.
At 12:17 PM today, Oswal Greentech Ltd. shares traded at ₹46.83 per share on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 6, 2025, 2:48 PM IST
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