Rohit Ferro-Tech's unpaid dues mount to Rs 23.69 crore, income goes down in Q2 FY17

According to an official filing before the BSE and NSE, substantial amount of statutory dues amounting to Rs 23.69 crore is overdue and is still unpaid.

Dec 15, 2016 03:12 IST India Infoline News Service

Rohit Ferro Tech Ltd is currently trading at Rs 4.6, up by Rs 0.1 or 2.22% from its previous closing of Rs 4.5 on the BSE

The unaudited income from operations for the quarter ended September 30, 2016 was Rs 138.79 crore as compared to Rs 481.63 crore for the same period in 2015, a dip of 71.18%.

The company's segment revenue also fell from to Rs 138.79 crore for the quarter ended September 30, 2016 from Rs 518.07 crore for the same period in 2015.

According to an official filing before the BSE and NSE, substantial amout of statutory dues amounting to rs 23.69 crore is overdue and is still unpaid.

The scrip opened at Rs 4.67 and has touched a high and low of Rs 4.72 and Rs 4.5 respectively. So far 115371(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 51.2 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 8.5 on 06-Jan-2016 and a 52 week low of Rs 3.45 on 07-Jun-2016. Last one week high and low of the scrip stood at Rs 4.8 and Rs 4.37 respectively.
The promoters holding in the company stood at 72 % while Institutions and Non-Institutions held 0 % and 28 % respectively.
The stock is currently trading below its 50 DMA.

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