Best Footwear Stocks in India for April 2025 – Based on 5Y CAGR

The footwear industry has the potential to expand up to US$ 80 billion by 2030, which is 8 times its current size. This growth could create employment opportunities for over 3 million people and serve as a catalyst for entrepreneurship in the SME sector. Launching a footwear production unit takes only 6 months, including 4-6 weeks of skill training, and the industry is environmentally friendly. By 2040, the demand for footwear is expected to exceed 10 billion pairs annually.

The Union Budget for 2025-26 introduced a new Focus Product Scheme to boost productivity, quality, and competitiveness in the footwear sector. This initiative will support the development of design capacity, component manufacturing, and machinery for both leather and non-leather footwear.

With a projected turnover of ₹4 lakh crore and the potential to create 22 lakh jobs, this scheme is poised to drive industry growth and attract investment. Given these developments, let’s take a look at the top footwear stocks in March 2025, based on their 5-year CAGR performance.

Best Footwear Stocks in India For April 2025 Based on 5Y CAGR

Name Market Cap PE Ratio 5Y CAGR
Lehar Footwears Ltd 448.25 68.33 74.43
Mirza International Ltd 399.13 33.15 41.73
Khadim India Ltd 556.77 88.66 31.13
Liberty Shoes Ltd 571.61 51.27 27.25
Super House Ltd 160.69 12.89 19.60

Overview of 5 Best Footwear Companies in India Based on 5Y CAGR

1. Lehar Footwears Ltd

Incorporated in 1994, Lehar Footwears Ltd is a mass -footwear manufacturer and brand distribution company. The company’s growth drivers include new product development and branding of its products in international markets, entering into new geographies, thereby increasing the company’s TAM.

Key Metrics:

  • ROE: 6.88%
  • ROCE: 9.15%

2. Mirza International Ltd

Incorporated in 1979, Mirza International Ltd is a manufacturer & exporter of finished leather and footwear and a trader of footwear, apparel and allied products. The company experienced a 43% drop in revenue QoQ, with total income decreasing to ₹114.92 crores. The company recorded a net loss of ₹5.69 crores, reflecting a sharp 229.3% decline compared to the same period last year.

Key Metrics:

  • ROE: 2.22%
  • ROCE: 4.87%

3. Khadim India Ltd

Founded in 1981, Khadim India Ltd. is engaged in the manufacturing / retail business of footwear and accessories. During Q3FY25, the company reported a revenue of ₹1,601.7 million, marking a 2.5% YoY increase. For 9MFY25, revenues totaled ₹4,746.5 million, reflecting a modest 0.7% YoY growth. The gross margin for the quarter was 44.6%, while for the 9-month period of FY25, the gross margin stood at 46.7%, showing a decline of 160 basis points.

Key Metrics:

  • ROE: 2.85%
  • ROCE: 7.80%

4. Liberty Shoes Ltd

Incorporated in 1954, Liberty Shoes manufactures and trades footwear and accessories. The domestic market for fashion footwear is growing quickly, fueled by a rising middle class and increasing disposable income. This creates a solid foundation for local brands to expand and innovate.

Key Metrics:

  • ROE: 7.21%
  • ROCE: 9.45%

5. Super House Ltd

Founded in 1980, Superhouse Ltd manufactures and trades Leather, Leather Goods and Textile Goods, etc. The company’s growth drivers include strong export opportunity in existing and new markets, solid recognition in developed and emerging markets and rising share of premium speciality products in the revenue mix.

Key Metrics:

  • ROE: 2.70%
  • ROCE: 6.06%

Factors to Consider Before Investing in Footwear Stocks in India 

  1. Market Demand and Consumer Behavior: With increasing disposable income, especially in urban areas, there is a growing demand for premium footwear. Understanding the purchasing power of the target market is essential.
  2. Company Fundamentals: Analyze the financial health of footwear companies. Look at their revenue growth, profit margins, and cost management. Strong and consistent performance is a good indicator of a solid company.
  3. Brand Strength and Recognition: Companies with well-known brands are often less risky due to their established presence in the market. Strong brands tend to perform better in both good and bad times.
  4. Supply Chain and Distribution Network: Footwear production involves raw materials such as rubber, leather, and synthetic materials. A company’s ability to control its supply chain and maintain efficiency can influence its profitability.
  5. Government Regulations: Changes in government policies related to import duties on raw materials or finished products could impact margins.

Conclusion

The government has showcased support for the development of the footwear sector by introducing a new Focus Product Scheme to boost productivity, quality, and competitiveness in the footwear sector in the union budget 2025-26. Before investing in footwear stocks in India, thorough research and an understanding of the company’s fundamentals, the competitive landscape, economic conditions, and consumer behavior are essential.

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.

Weekly Market Recap: Bears Took the Lead, Nifty and Sensex Closed in Red

For the week ended April 4, 2025, the bears took the lead. In 3 out of 4 trading sessions, both BSE and NSE settled in the red. Both the benchmark indices Nifty 50 and BSE Sensex have dipped over 3.50%. During the week, markets fell mostly on April 1 and April 4. On April 1, 2025, NSE closed 1.50% lower at 23,165.70, while Sensex ended 1.80% lower at 76,024.51. Likewise, on April 4, 2025, NSE and BSE closed lower at 1.49% and 1.22% to 22,904.45 and 75,364.69, respectively.

Roundup of Major News This Week

  • On April 1, 2025, the Indian automobile companies released their March 2025 auto sales number, where Maruti Suzuki posted a growth of 3%, and M&M sales soared 23%
  • The Indian coal sector surpassed cumulative production of 1 Billion Tonnes (BT) for the financial year 2024-25.
  • The US President, Donald Trump, declared a 26% reciprocal tariff on India, which is half the rate India charges on US imports.

Major Earnings Update This Week

  • During Q4FY25, MOIL reached a record production of 18.02 lakh tonnes of manganese ore, marking a 2.7% increase compared to the previous year.
  • Vedanta reached historic highs in aluminium and zinc production, along with strong growth in iron ore, steel, oil and gas, and power sales

 

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 securities market are subject to market risks, read all the related documents carefully before investing.

Stocks That Hit Circuit Limits On April 4, 2025: Balu Forge, Web Solar and More

On April 4, 2025, BSE Sensex closed 1.22% lower at 75,364.69, while Nifty50 settled lower at 22,904.45, down 1.49%. Amidst the market downturn, stocks like Balu Forge and Web Solar hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on April 4, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
BALUFORGE 614 -7.7 10 20.49 126.5
GOLDIAM 310 -15.85 20 31.92 102.33
PGIL 1,061.00 -15.9 20 7.76 81.14
WOCKPHARMA 1,347.80 -5 5 5.9 80.2
TARIL 495 -3.84 5 8.24 41.06

Stocks That Hit Upper Circuit on April 4, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
WEBELSOLAR 1,268.00 1.39 5 7.03 91.05
TARC 148.99 4.54 5 51.56 76.28
KITEX 199.2 5 5 36.48 72.33
NACLIND 136.83 5 5 48.49 65.64
VAKRANGEE 11.35 4.32 5 327.53 37.08

Overview of Companies Hitting Circuits Today

  • Balu Forge

Balu Forge fell 7.7% to ₹614 with a 10% price band restriction, trading at a volume of 20.49 lakh shares valued at ₹126.5 crores.

  • Wockhardt Pharma

Wockhardt Pharma decreased 5% to ₹1,347.80, with a 5% price band and a total volume of 5.9 lakh shares valued at ₹80.2 crores..

  • Web Solar 

Web Solar increased 1.39% to ₹1,268, reaching the 5% price band, with 7.03 lakh shares traded, worth ₹91.05 crores.

 

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.

Jupiter Wagon Shares Down Over 2%: Subsidiary Jupiter Tatravagonka Acquired Land

On April 4, 2025, Jupiter Wagon shares fell over 2%, reaching a day low of ₹361.55 at 1:20 PM, after opening at ₹379.90. The fall in Jupiter Wagon share price came despite the company’s arm Jupiter Tatravagonka Railwheel Factory Private Ltd (JTRF), has acquired land in Haldiapada, Khordha, Odisha, for the establishment of India’s first private-sector Railwheel and axle forging plant.

Investment of ₹2,500 Crore for Expansion 

This marks a significant milestone in the company’s expansion and enhances Odisha’s position as a hub for advanced industrial manufacturing. The facility will be the first privately owned railway heavy engineering industry in the state.

Jupiter Tatravagonka plans to invest ₹2,500 crore in stages over the coming years to develop this state-of-the-art facility. The plant is projected to produce 100,000 forged wheelsets annually, serving both domestic and international markets, with nearly half of the production earmarked for exports—mainly to Tatravagonka A.S., a leading Slovakian rail infrastructure company, and other European firms.

Plans to Commence Operation by 2027

Set to begin operations by 2027, the Odisha plant will play a key role in strengthening India’s railway manufacturing capabilities while contributing to the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives. It is expected to generate thousands of direct and indirect jobs, boosting economic growth in the region.

The plant will feature cutting-edge technology to support higher-speed and high-load railway operations. By manufacturing essential railway components domestically, Jupiter Tatravagonka will reduce India’s reliance on imports and expand its global trade presence, particularly through exports to Europe.

On this occasion, Mr. Vivek Lohia, Managing Director, Jupiter Group stated ” The acquisition of land in Odisha marks a significant milestone in our commitment to strengthening India’s self-reliance in rail manufacturing. This facility is a testament to the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, ensuring that India not only meets its domestic railway needs but also emerges as a leading exporter of high-quality railwheel and axle components. With the strong support of the Government of Odisha, we are confident that this project will drive industrial growth, generate employment, and cement India’s position as a global hub for rail infrastructure.”

 

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.

Paras Defence Shares Slipped ~3% Despite Signing of MoU with Israel Firm

On April 4, 2025, Paras Defence share price slumped ~3%, reaching a day low of ₹973.05 12:55 PM, after opening at ₹1015.00 on BSE. The fall in Paras Defence shares came despite the announcement for signing of MoU, which is positive business development. On April 3, 2025, Paras Defence and Space Technologies Ltd entered into a strategic Memorandum of Understanding (MoU) with MicroCon Vision Ltd, Israel, a subsidiary of Controp and the Rafael Group, to bolster India’s defence and drone technology sectors.

Scope of MoU

As part of the agreement, Paras Defence will become the exclusive supplier of advanced drone camera technology in India, offering these systems at significantly reduced costs. The company will integrate high levels of indigenous content into these drone cameras and Intelligence, Surveillance, and Reconnaissance (ISR) payloads, boosting India’s self-reliance while reducing expenses.

Paras Defence plans to offer two models, typically priced at around ₹20 lakh and ₹40 lakh per unit. The company expects to reduce the cost of each model by 50-60%, making advanced surveillance technology more accessible to both Indian defence forces and commercial sectors.

MicroCon will exclusively supply Paras Defence with drone cameras, including ISR payloads and Electro-Optical/Infrared (EO/IR) seekers, while Paras Defence will become MicroCon’s exclusive partner for ISR operations in India. This partnership aligns with MicroCon’s strategy to expand its presence in India’s rapidly growing drone market.

Benefit to Indian Defence Market 

The MoU aims to expand both companies’ reach in the Indian ISR payload market. The integration of cutting-edge technologies such as AI-powered analytics, high-resolution imaging, and thermal vision will enhance surveillance capabilities, improving operational efficiency in both defence and civilian applications.

Management Take on Signing of MoU

“This collaboration represents a major leap forward in India’s defence capabilities,” stated Munjal Sharad Shah, Managing Director of Paras Defence. “We are committed to supporting India’s strategic goals and are proud to partner with MicroCon in this groundbreaking endeavour.”

“MicroCon is committed to delivering cutting-edge ISR payloads that drive the future of defence and surveillance systems,” said Chen Almog, CEO of MicroCon. “We are excited about our collaboration with Paras Defence, which is a key component of our strategy to establish strong local partnerships worldwide. We are confident this partnership will drive growth in the Indian tactical ISR and EO/IR seekers market. By combining MicroCon’s global expertise with Paras Defence’s local insights, we will foster innovation and strengthen the defence infrastructure. This partnership reflects our shared vision for advancing high-performance drone technology and creating lasting impact on both defence and commercial applications.”

 

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.

Why is the Market Down Today?

On Friday, April 4, 2025, the Indian stock markets fell sharply due to a global selloff sparked by renewed recession fears and sweeping tariff announcements by U.S. President Donald Trump. In morning trade, the Sensex dropped 836 points, or 1.09%, to 75,457, while the Nifty50 fell 304 points, or 1.3%, to 22,945. At 12:20 PM, BSE Sensex was down 0.93% to 75,582.83, while Nifty 50 tumbled 1.19% to 22,974.25

Broad-based selling pulled all sectoral indices into the red, with sharp losses in metal, pharma, and IT stocks. The market capitalisation of all BSE-listed firms declined by ₹9.47 lakh crore to ₹403.86 lakh crore. In this article, we have covered probable reasons behind today’s market fall.

Reason Behind the Market Fall Today 

1. Trump’s tariff shock sparks global trade war fears

Donald Trump reignited global trade tensions by announcing a blanket 10% baseline tariff on all imports into the US with large trade surpluses, including India, will face higher tariffs — India (26%), China (34%), EU (20%), South Korea (25%), Vietnam (46%), Taiwan (32%) and Japan (24%).

2. Global Selloff Accelerates on Recession Fears

Recession worries deepened after Wall Street recorded its steepest single-day fall since 2020. The S&P 500 lost $2.4 trillion in market value overnight, dragging other major global indices into the deep red. Japan’s Nikkei plunged 3.4% and was on track for its worst week since the COVID-19 crash in March 2020. Investor sentiment was further dampened by a flight to safety, with gains in U.S. Treasuries and gold underscoring growing risk aversion.

3. Pharma Stocks Slump on Tariff Warning

Indian pharma shares were among the worst hit after Trump hinted at upcoming tariffs specifically targeting the pharma sector. Stocks such as Aurobindo Pharma, Laurus Labs, IPCA Laboratories, and Lupin dropped up to 7%. The remarks come just a day after pharma stocks had rallied on expectations that the sector would be spared from trade restrictions.

4. Heavyweight Stocks Drag Indices

Index heavyweight Reliance Industries also contributed to the selloff, alongside broad declines in Nifty Pharma (-6.2%), Nifty Metal (-5.3%), and other sectors, including IT, Auto, Realty, and Oil & Gas, which fell between 2-4%. The across-the-board decline highlights nervous investor sentiment amid mounting global uncertainty and sector-specific risks.

 

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.

Why Did Vedanta Shares Fall Over 7% Today?

On April 4, 2025, Vedanta share price tanked 7%, reaching a day low of 403.50 at 11:55 AM, after opening at 435.65 on BSE. The drop in Vedanta shares came after the company released its production update for Q4FY25 and FY25. The company posted record production figures across key business verticals for the Q4 and financial year ending March 31, 2025. Vedanta reached historic highs in aluminium and zinc production, along with strong growth in iron ore, steel, oil and gas, and power sales.

Aluminium Production

Vedanta achieved a record annual aluminium production of 2,421 kt, marking a 2% increase year-on-year. The Q4 output saw a 1% rise. Alumina production increased by 9% annually, driven by expansion projects. However, quarterly output was impacted by temporary supply chain disruptions, which normalized by the end of the quarter.

Zinc Production

  • Zinc India: The company achieved its highest-ever mined metal production at 1,095 kt and refined metal production at 1,052 kt, both showing a 2% increase year-on-year. Mined metal production grew by 17% sequentially in the fourth quarter, driven by higher grades at the Agucha and Zawar mines, while refined metal output rose by 4%. Saleable silver production increased by 10% in the quarter.
  • Zinc International: Zinc International saw a 52% year-on-year jump in total mined metal production and a 9% sequential rise. This was attributed to higher throughput at the Gamsberg and improved grades at BMM. Gamsberg’s fourth-quarter production surged 89% year-on-year and 15% sequentially, driven by better recoveries.

Oil and Gas Production

Oil and gas production from OALP blocks reached 3.5 kboepd during the quarter, supported by ramp-up at the Jaya discovery. The annual average gross operated production across assets was 103.2 kboepd.

Iron Ore Production

Iron ore production surged by 36% sequentially in the Q4, supported by increased inventory utilization at IOK and mine ramp-ups at IOG.

Pig Iron and Steel Production

  • Pig Iron: Vedanta recorded a 4% year-on-year increase in pig iron production, reaching a record high.
  • Steel: Total saleable steel output grew by 4% year-on-year and 8% sequentially, boosted by operational efficiencies and higher hot metal production.
  • Ferro Chrome: Ferro chrome production under FACOR grew by 4% year-on-year.

Copper Production

Copper India saw a 41% year-on-year increase in fourth-quarter production, contributing to a 6% rise in annual copper production.

Power Sales

  • Overall Power Sales: Power sales saw an 18% sequential increase in the fourth quarter. TSPL’s annual power sales reached 10,230 million units with an 81% plant availability factor.
  • Balco: Balco recorded a 15% sequential and 18% year-on-year growth in power sales for the fourth quarter.
  • HZL: Hindustan Zinc’s wind power generation improved by 33% sequentially.
  • Jharsuguda: Power sales at Jharsuguda rose by 28% during the quarter.

 

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.

D-Mart Share Price Fell 3% After Release of Q4FY25 Business Update

On April 4, 2025, Avenue Supermarts shares (D-Mart share price) fell ~3%, reaching a day low of ₹3,941.05 at 11:30 AM, after opening at ₹4,163.35 on BSE. The drop in D-Mart share price came after the retail chain operator reported a standalone revenue of ₹14,462.39 crore for Q4 FY25, reflecting a 16.7% increase from ₹12,393.46 crore during the same period last year. The company continued its growth trajectory, finishing the quarter with 415 stores.

Growth in Revenue

Revenue has consistently risen over the years, growing from ₹8,606.09 crore in Q4 FY22 to ₹10,337.12 crore in Q4 FY23 and ₹12,393.46 crore in Q4 FY24. The latest Q4 revenue figure is still subject to audit.

DMart has expanded steadily, strengthening its presence across 12 states and union territories. In the previous quarter, the company added 10 new stores, bringing the total number of stores to 387 by the end of Q3 FY25.

Investment in Subsidiary

In March 2025, Avenue Supermarts announced an investment of ₹174.99 crore into its subsidiary, Avenue E-Commerce Ltd (AEL), which runs the online grocery platform DMart Ready.

The investment, disclosed in a regulatory filing on March 19, 2025, underscores the company’s strategy to boost its e-commerce presence in response to growing digital demand in the retail industry. These funds will support AEL’s operational needs, working capital, and capital expenditure, helping to grow and enhance DMart Ready’s infrastructure and services.

 

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.

Gold ETFs See Record Inflow in Feb 2025: Check Top Gold ETFs

Gold exchange-traded funds (ETFs) are experiencing strong demand from investors as geopolitical tensions rise and gold prices climb. A report from ICRA Analytics revealed that inflows into gold ETFs surged by 98.54% year-on-year, reaching ₹1,979.84 crore in February 2025, compared to ₹997.21 crore during the same period last year.

The net assets under management (AUM) for gold ETFs nearly doubled, increasing from ₹28,529.88 crore in February 2024 to ₹55,677.24 crore in February 2025.

Top-Performing Gold ETFs

Here are the best-performing gold ETFs based on their returns:

Gold ETFs 1-Year (%) 5-Year (%)
ICICI Prudential Gold ETF 29.85 14.04
HDFC Gold Exchange Traded Fund 29.53 14.50
SBI Gold ETF 29.46 13.60
Kotak Gold ETF 29.45 13.76
Nippon India ETF Gold BeES 29.06 14.35

Why are Investors Choosing Gold ETFs?

Gold ETFs are becoming increasingly popular due to their liquidity, transparency, and cost-effectiveness. Unlike physical gold, they remove concerns related to storage, purity, and theft. ICRA Analytics noted, “With gold historically considered a safe-haven asset, many investors are turning to ETFs during times of economic and geopolitical uncertainty.”

Should You Invest in Gold ETFs?

Experts recommend including gold in a diversified portfolio, especially during uncertain times. Although gold prices have risen, investors are advised to evaluate their financial goals and risk tolerance before making investments. Gold ETFs offer an easy way to gain exposure to gold without the complexities of physical ownership.

However, it’s essential for investors to stay informed about market conditions and consult financial advisors before making investment decisions.

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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.

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Upcoming IPO: Pace Digitek Filed DRHP With SEBI to Raise ₹900 Crore

Pace Digitek Limited has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) in preparation for an initial public offering (IPO) to raise ₹900 crore. Pace Digitek is a multidisciplinary solutions provider focused on the telecom passive infrastructure sector, including telecom tower infrastructure and optical fiber cables.

Pace Digitek IPO Details

The proposed upcoming IPO will consist of a fresh issue of equity shares with a face value of ₹2, totaling up to ₹900 crore. The company may also consider a pre-IPO placement of equity shares up to ₹180 crore. If the pre-placement is completed, the funds raised will be deducted from the fresh issue..The issue will be allocated as follows: up to 50% for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors. The equity shares are intended to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), according to the DRHP.

Use of Net Proceeds

The company plans to use the net proceeds to allocate ₹630 crore towards capital expenditure, including investments in its subsidiary, Pace Renewable Energies, and for the establishment of battery energy storage systems (BESS) for a project awarded by the Maharashtra State Electricity Distribution Company. The remaining funds will be utilized for general corporate purposes.

MUFG Intime India will serve as the registrar for the issue, while Unistone Capital has been appointed as the sole book-running lead manager.

About Digitek Limited

Founded in March 2007, Pace Digitek is a multi-disciplinary solutions provider with a strong presence in the telecom passive infrastructure sector. The company offers end-to-end turnkey solutions and operates across India, as well as in Myanmar and Africa. Initially a manufacturer of passive electrical equipment, the company has expanded its operations to include products, projects, operations and maintenance (O&M), and services.

For the six months ending September 30, 2024, Pace Digitek reported a revenue of ₹1,188.35 crore from operations, with a profit after tax (PAT) of ₹152 crore. In FY24, the company’s revenue from operations grew to ₹2,434.48 crore, up from ₹503 crore in FY23. Its PAT also saw a significant increase, rising to ₹229.87 crore in FY24 from ₹16.5 crore in FY23.

 

 

 

 

 

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.