Debt-Free Multibagger Company Bags Secures Prestigious First Order From Central Reserve Police Force (CRPF) For 959 Innovative Metal Bunk Beds Supply
The stock is up by 22 per cent from its 52-week low of Rs 125.5 and gave multibagger returns of over 500 per cent in 5 years.
Priti International Limited, a renowned manufacturer of innovative furniture solutions, has secured its first significant order from the Central Reserve Police Force (CRPF). This prestigious contract involves the supply of 959 metal bunk beds specifically designed to meet the unique requirements of CRPF personnel. This achievement marks a significant milestone for Priti, solidifying its position as a trusted provider of high-quality furniture for government and public sector organizations.
The custom-designed metal bunk beds are engineered to offer maximum comfort, functionality and durability. These beds are optimized for space utilization and are built to withstand the demanding conditions faced by CRPF personnel. This order aligns with Priti's strategic focus on expanding into the government and defence sectors, demonstrating the company's ability to deliver tailored solutions that meet the specific needs of specialized institutions.
Earlier, the company received a contract from the Tata Memorial Centre - Advanced Centre for Treatment, Research and Education in Cancer (ACTREC) in Mumbai. The company will be supplying custom-designed furniture for 96 rooms at this renowned healthcare facility, demonstrating the trust and confidence placed in Priti by one of India's leading cancer treatment institutions. The furniture, designed to enhance comfort, functionality and aesthetics, will cater to the specific needs of both patients and staff at ACTREC, further solidifying Priti's position as a trusted provider of high-quality furniture solutions.
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About PRITI INTERNATIONAL LIMITED
Priti International Limited is a leading furniture design and manufacturing company based in Jodhpur, India, with over 15 years of experience in crafting innovative, sustainable and quality furniture for various sectors, including residential, hospitality, healthcare, and educational institutions. The company is committed to delivering excellence through its wide range of customizable furniture products. The brand endorses contemporary designs, expressed by clean lines and embellished with a modern touch. The result is a universal style that brings forth a beautiful atmosphere for life. To accommodate every need, style and preference of each person, Priti International Limited has a wide-ranging furniture and home decor collection from natural, modern, classic, minimalist, to premium. Collaborating with R&D also Indian well-known designers, we try to fulfil and be the answer to your home furnishing and decoration.
The company has a market cap of Rs 190 crore and as of June 2024, the company is debt-free. The shares of the company have a PE of 21x, an ROE of 18 per cent and an ROCE of 24 per cent. The stock is up by 22 per cent from its 52-week low of Rs 125.5 and gave multibagger returns of over 500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.