Antariksh Industries Gets New Captain: Gitaben Patel to Acquire 51.7% Stake for ₹9.9 Mn

In a strategic ownership shake-up, Antariksh Industries Ltd has announced that Gitaben Nitinbhai Patel will acquire a 51.70% stake in the company from its existing promoters. The total acquisition consideration stands at ₹9.9 million, signaling a fresh chapter for the real estate and trading-focused firm.

 

Key Highlights:

 

Promoter Exit: The transaction marks a full promoter exit, with Gitaben Patel set to become the new controlling shareholder.

Valuation Context: The deal values Antariksh Industries at a modest ₹19.15 million, reflecting its micro-cap status and lean balance sheet.

Zero Debt Advantage: The company remains debt-free, with a strong ROE of 41.2% and ROCE of 55.4%, making it attractive for 

turnaround investors.

Operational Snapshot:

FY25 net profit rose 224% YoY to ₹0.55 crore.

Revenue surged to ₹43.8 crore, driven by real estate and trading activity.

EPS improved to ₹27.5, with no dividend payout history.

Shareholding Structure: Post-acquisition, Gitaben Patel will hold the entire promoter stake, while public shareholding remains at 48.3%.

 

Strategic Outlook: Analysts expect renewed focus on asset-light expansion, digital procurement, and potential entry into adjacent sectors like infra services or fintech.

 

This acquisition not only reshapes Antariksh’s leadership but also positions it for a possible re-rating, especially if operational efficiencies and governance reforms follow.

 

Source: Screener.in, Trendlyne, Economic Times Markets