900 per cent returns and Rs 213 crore order book: This multibagger small-cap company is all set to make Rs 99 crore acquisition!

Shares of the company have gained about 90 per cent in the last six months.

Kilburn Engineering Limited informed in the exchange filing that the company is acquiring a 100% stake in M.E Energy Pvt Limited, a waste heat recovery (WHR) and waste heat reutilization systems company, for Rs 99 crores. This acquisition aligns with Kilburn's strategy of sustained, profitable growth and will fortify its capabilities, resulting in an enhanced value proposition for shareholders.

ME Energy specializes in the production of thermal engineering and heat recovery systems, a perfect complement to Kilburn Engineering's existing drying systems. This synergy will open doors to expanded sales opportunities by tapping into the existing client bases of both entities. M.E Energy has an order backlog of Rs 50 crores and has since secured orders amounting to Rs 68 crores year-to-date.

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Kilburn Engineering Limited (KEL) is engaged in the designing, manufacturing and commissioning of customised equipment & systems for diverse applications in industries such as chemical, petrochemical, oil & gas, refineries, power, steel, cement, fertilizer, mining, sewage treatment, food, among others. It also manufactures specially designed packages required for various onshore and offshore applications. It has a manufacturing and testing facility near Thane, Maharashtra. Additionally, the company has an order book of Rs 213 crore and has bagged Rs 37.38 crore orders in recently.

Kilburn Engineering Limited has also delivered multibagger returns of over 900 per cent in three years holding period.

Investors should keep a close eye on this stock.

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