5:1 Stock Split: Company Announces Record Date for Sub-division of Shares; Secures Orders Worth Rs 44 Crore, Order Book Reaches Rs 942 Crore – FIIs Increase Stake in June!
The company’s shares have delivered an impressive multibagger return of over 2,200 per cent in the past 5 years.
Jash Engineering Ltd a leading manufacturer of equipment for water intake systems, wastewater treatment plants, power, steel, cement, and other industrial sectors, has set the record date for Wednesday, October 30, 2024, for the sub-division or stock split. Specifically, 1 equity share of the Company with a face value of Rs 10 each will be split into 5 (five) equity shares, each having a face value of Rs 2.
In August 2024, the company's board approved a sub-division (stock split) of its equity shares.
Recently, it reported strong order bookings for September 2024. The company received consolidated orders worth Rs 44 crore, with Rs 30 crore from the Indian market and Rs 14 crore from international clients. Key contributors to these orders include Tata Projects (Mumbai), NCC Ltd (Hyderabad), Larsen & Toubro (Tanzania), Fullink Technologies (Hong Kong), and Manistique WWTP Headworks (USA).
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As of October 1, 2024, Jash Engineering’s total consolidated order book stands at Rs 942 crore, with Rs 333 crore from India and Rs 609 crore from global markets. Notably, the USA accounts for Rs 367 crore of the international orders, with Waterfront-UK contributing Rs 20 crore, where Jash holds an 80 per cent stake.
Additionally, orders worth Rs 21 crore are currently under negotiation, with formal purchase orders expected soon, including Rs 13 crore from India and Rs 8 crore from international clients. Once confirmed, these will be added to the company's total order book.
Today, the shares of this Small-Cap company are at around Rs 2,433 per share on the NSE. The company’s current market capitalization stands at Rs 3,044 crore. Additionally, the shares have delivered an impressive multibagger return of over 2,200 per cent in the past 5 years.
Jash Engineering Limited manufactures a wide range of equipment for water intake systems, water and wastewater pumping stations and treatment plants, storm water pumping stations, water transmission lines, as well as for industries including power, steel, cement, paper and pulp, petrochemicals, chemicals, fertilizers, and other process plants.
FIIs have increased their stake from 1.18 per cent to 1.67 per cent in June 2024.
Disclaimer: The article is for informational purposes only and not investment advice.