1,500 per cent returns: This multibagger electric equipment company bags new order worth Rs 5,82,00,000 from Gujarat Energy Transmission Corporation Ltd!

The stock gave multibagger returns of 450 per cent in just 1 year and a whopping 1,500 per cent in 3 years.

JSL Industries Ltd informed that the company has secured a prestigious order of Rs 5.82 crore (Excluding GST) for the supply of 66KV Class CT/PT from Gujarat Energy Transmission Corporation Limited, Sardar Patel Vidyut Bhavan, Race Course, Vadodara (Gujarat) – 390007. GST: Extra at CGST 9 per cent and SGST 9 per cent. The order is worth Rs 5,82,00,000 and will be completed by August 10, 2024.

J.S.L. Industries Ltd. manufactures switch gears and switchboards. The Company also provides air circuit breakers, cam-operated switches, motors, pumps, and metallic couplings. The company has a market cap of Rs 136 crore and has delivered good profit growth of 76.8 per cent CAGR over the last 5 years.

After rising nearly 190 per cent in 6 months, shares of JSL Industries Ltd are undergoing a correction and have hit the lower circuit for the fifth straight day. On Friday, shares of JSL Industries Ltd plunged 2 per cent to Rs 1,156.6 per share from its previous closing of Rs 1,182.2. The 52-week high of the stock is Rs 1,279.4 and the 52-week low of Rs 199.50.

According to Quarterly Results, net sales increased by 14.62 per cent to Rs 11.76 crore and net profit increased by 70.52 per cent to Rs 2.85 crore in Q2FY24 compared to Q2FY23. In its annual results, net sales decreased by 10.85 per cent to Rs 49.25 crore and net profit increased by 24.73 per cent to Rs 3.44 crore in FY23 compared to FY22.

The stock gave multibagger returns of 450 per cent in just 1 year and a whopping 1,500 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.