3,600 per cent returns & Rs 5,953 crore order book: This multibagger railway wagons company bags new order worth Rs 1,617 crore from Ministry of Railways!

The stock gave multibagger returns of 280 per cent in 1 year, 1,680 per cent in 3 years and a whopping 3,600 per cent in a decade.

Jupiter Wagons Ltd, a provider of comprehensive mobility solutions encompassing rail, road and marine transportation is proud to announce the receipt of a significant contract for the manufacturing and supply of 4000 BOXNS wagons from the Ministry of Railways. The esteemed contract, valued at a staggering Rs 1,617 crore, underscores Jupiter Wagons' commitment to delivering top-notch railway solutions to meet the evolving needs of the Indian Railways.

The order specifically entails the production of 4,000 BOXNS wagons, classified as BG Bogie Open Wagon type. These wagons boast an axle load capacity of 25 tons, ensuring robust performance under varying freight conditions. The wagons exhibit a maximum speed of 86 kmph when empty and 45 kmph when loaded, ensuring efficiency and safety in transit.

Jupiter Wagons Ltd is primarily involved in the business of manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components. The company has a market cap of over Rs 13,800 crore.

The company reported excellent financial results for both Q2FY24 and H1FY24 with significant growth in revenue, EBITDA, and PAT. Revenue for Q2FY24 increased by 111 per cent YoY to Rs 879.30 crore, while EBITDA grew by 143 per cent YoY to Rs 121.17 crore. PAT for the quarter also jumped by 229 per cent YoY to Rs 81.58 crore. Similarly, for H1FY24, revenue climbed by 129.2 per cent YoY to Rs 1632.48 crore, EBITDA by 172 per cent YoY to Rs 218.51 crore, and PAT by 280 per cent YoY to Rs 145.18 crore.

Notably, the company maintained its industry-leading margin throughout both periods. Additionally, the company boasts a robust order book of Rs 5952.65 crore as of September 30, 2023, demonstrating continued strong business momentum.

On Friday, shares of Jupiter Wagons Ltd surged 2.04 per cent to Rs 335.85 per share with an intraday high of Rs 344 and an intraday low of Rs 330.50. The stock’s 52-week high is Rs 412.5 and its 52-week low is Rs 82.65.

The stock gave multibagger returns of 280 per cent in 1 year, 1,680 per cent in 3 years and a whopping 3,600 per cent in a decade. Investors should keep an eye on this railway wagons company’s stock.

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