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Algoquant Fintech Ltd Fundamentals

Market Cap
₹ 971.11 Cr
P/E Ratio (TTM)
0.00
P/B Ratio
27.57
Debt to Equity
0.45
ROE
-10.08
EPS (TTM)
0.00
Dividend Yield
0.00 %
Book Value
43.82

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Algoquant Fintech Ltd Financials

Algoquant Fintech Ltd Financials

Algoquant Fintech Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 65.91 % 65.91 % 65.91 % 65.91 %
Retail 20.08 % 19.36 % 19.46 % 19.46 %
Others 8.52 % 9.12 % 9.02 % 9.02 %
FII 5.49 % 5.61 % 5.61 % 5.61 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

65.91%

Retail

20.08%

Others

8.52%

FII

5.49%

Mutual Funds

0.00%

Promoters

65.91%

Retail

19.36%

Others

9.12%

FII

5.61%

Mutual Funds

0.00%

Promoters

65.91%

Retail

19.46%

Others

9.02%

FII

5.61%

Mutual Funds

0.00%

Promoters

65.91%

Retail

19.46%

Others

9.02%

FII

5.61%

Mutual Funds

0.00%

Resistance and Support

₹1,207.92

PIVOT

resistance-arrow
Resistance
First Resistance₹1,223.283
Second Resistance₹1,238.117
Third Resistance₹1,253.483
support-arrow
Support
First Support₹1,193.083
Second Support₹1,177.717
Third Support₹1,162.883

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day5,2981,35525.58
Week5,2982,3330.00
1 Month5,2982,5430.00
6 Months1,205,682492,26435.11

About Algoquant Fintech Ltd

Algoquant Fintech Limited (Formerly known as Hindustan Everest Tools Limited) was incorporated on January 25, 1962 and is presently engaged in the business of trading in financial instruments effective from February 10, 2011. The Company is a wholly owned subsidiary of Algoquant Investment Private Limited [Formerly known as Mandelia Investment Private Limited]. The Company was earlier engaged in the business of trading in metals, which was discontinued effective from 01 April, 2021. The company committed with production and marketing of high quality hand tools certified GS by VPA Remscheid, Germany for over four decades to buyers in the home country and in abroad. The products are in the names of Single Open End Spanners, Double Open End Spanners, Bihexagon Ring spanners, Combination Ring & Open Ended Spanners, Sockets and Accessories, different Pliers, Pipe Wrenches (Stillson, Heavy duty and Chain Pipe Wrenches), Adjustable Wrenches, Screw Drivers, Grip Pliers, Slogging Wrenches etc. HETL manufacture hand tools by using high quality Chrome Vanadium Steel in different international standards like BIS, DIN, and ANSI etc. HETL in growing stage only. Growth in year by year is to boost up the company to expand the network in both domestic and in international level. The company faced an event of loss up to 2005-06 due to some internal and external reasons. Moreover the unprecedented power cuts even during winter months may affected the production of the company, to avoid this disturbance HETL hosted two power generators for uninterrupted power supply to our entire plant. 2006-07 was the milestone year to HETL, during the year comparatively the export accounted higher than the domestic sales of a company. The Company's management adopted one relentless effort to control consumption of all major inputs and increase in production efficiency. It gave good result to the company. HETL stands up from the loss to huge cash profit level. HETL have its own Research & Development Centre, the Centre continuously endeavors to upgrade the existing products, process and venture in new product development and process improvement. Company extended the product range and has introduced new products based on customer requirement and its modification with help of the R & D Centre. Other than the level, the company have prompt attention and services to all esteemed customers at all times and always like to establish long lasting cordial business relationship in both dimensions. The Erstwhile promoters and the Erstwhile Directors of the Company, Shri Shravan Kumar Mandelia (Promoter) and Shri Balgopal Mandelia (Promoter) had entered into a Share Purchase Agreement (SPA) dated 24th October 2020 for sale and transfer of entire Promoter Shareholding held in Hindustan Everest Tools Limited (Target Company) along with the Shares held by them in M/s Mandelia Investments Private Limited (MIPL) (the Holding Company of HETL) in favour of Algoquant Financials LLP (Acquirer), which made an Open Offer to the Public Equity Shareholders of the Company i.e., Hindustan Everest Tools Limited in terms of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto. MIPL holds 8,34,470 Equity Shares constituting 51.92% of the Voting Share Capital of the Target Company. Pursuant to the said SPA, the Acquirer acquired 100% of the Equity Share Capital of MIPL and indirectly acquired 8,34,470 Equity Shares constituting 51.92% of the Voting Share Capital of the Company. Pursuant to said SPA, there was a Change in Management Control of the Company: Mr. Shravan Kumar Mandelia and Mr. Balgopal Mandelia, Promoters and Managing Directors of the Company resigned from the directorship of the Company w.e.f. 11 February, 2021 and Mr. Dhruv Gupta and Mr. Devansh Gupta were appointed on the Board of the Company as Additional Directors (Category: Promoter Director) w.e.f. 09 February, 2021. During the year 2021-22, 16,07,200 equity shares of the face value of Rs. 10 each were divided into 80,36,000 Equity Shares of the face value of Rs. 2 each pursuant to sub-division of the equity shares of the Company in the ratio of 1:5 on 27 October 2021.

Managing Director

1962

Founded

Devansh Gupta

NSE Symbol

NA

Algoquant Fintech Ltd Management

NameDesignation
Devansh GuptaManaging Director
Dhruv GuptaNon-Exec & Non-Independent Dir
Amit GuptaIndependent Director
Barkha SipaniCompany Sec. & Compli. Officer
Himanjal Jagdishchandra BrahmbhattNon Executive Director
Gyaneshwar SahaiIndependent Director
Shubhangi AgarwalIndependent Director

Algoquant Fintech Ltd News

Algoquant Fintech to hold EGM
On 18 May 2024
Algoquant Fintech standalone net profit rises 139.11% in the December 2023 quarter
Sales rise 267.30% to Rs 21.12 crore
Algoquant Fintech to declare Quarterly Result
On 12 February 2024
Algoquant Fintech standalone net profit declines 85.02% in the September 2023 quarter
Sales rise 54.47% to Rs 11.06 crore
Algoquant Fintech to announce Quarterly Result
On 7 November 2023
Algoquant Fintech revises board meeting date
To 7 November 2023
Algoquant Fintech to hold board meeting
On 31 October 2023
Algoquant Fintech to conduct AGM
On 27 September 2023
Algoquant Fintech reports standalone net profit of Rs 0.47 crore in the June 2023 quarter
Sales reported at Rs 10.72 crore
Algoquant Fintech schedules board meeting
On 10 August 2023

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Algoquant Fintech Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Algoquant Fintech Ltd shares in BlinkX

Algoquant Fintech Ltd's P/E ratio is 0.00 times as of May 24, 2024 at 04:00 PM.

Algoquant Fintech Ltd's most recent financial reports indicate a price-to-book ratio of 27.57, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Algoquant Fintech Ltd's market is 971 Cr as on May 24, 2024 at 04:00 PM.

The current financial records of Algoquant Fintech Ltd show a -10.08% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Algoquant Fintech Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Algoquant Fintech Ltd stands at 65.91%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 5.61% to 5.49%.