Dilipkumar Lakhi’s portfolio multibagger stock: This small-cap company is expanding into electronics manufacturing sector for space & defence applications!

The company’s order book stands at Rs 1,100 crore as of September 30, 2023.

GOCL Corporation Limited, a Hinduja Group Company, announced its Quarterly Results for the fiscal year 2023-24. Amidst ongoing market challenges, the company has consistently upheld its performance. In the second quarter, the company demonstrated its resilience and strategic effectiveness by achieving a consolidated Income for the quarter stood at Rs 223 crore, and for the first half of the year at Rs 482 Crores, with a PAT of Rs 16 crore and for the half year ended at Rs 28 crore. GOCL remains steadfast in its pursuit of growth. The company's commitment to innovation in product strategy and unwavering customer-centric values are key drivers for long-term success.

The company has secured significant orders totalling to Rs 1,100 crore over the next two years in collaboration with IDLEL. This positive development is a testament to the company's unwavering commitment to innovation and its ability to adapt to changing market dynamics. The company is also expanding its presence and intensifying its focus on emerging sectors, including Electronics Manufacturing and cutting-edge Products for Space and Defense applications. This strategic move demonstrates the company's vision for the future and its commitment to becoming a leader in these high-growth areas.

The company's portfolio encompasses Canopy Severance Systems, Pyro Cartridges, Explosives Train (Special Projects), and Metal Cladding, showcasing its diverse capabilities and expertise. Notably, the Special Projects division played a pivotal role in the recent triumphant Chandrayaan Mission by providing specialized Ignitors, highlighting the company's contributions to India's technological advancements. This segment recorded a remarkable growth of over 50 per cent during the quarter, further solidifying the company's position as a leader in its industry.

The company's overseas subsidiary HGHL invested USD 24 million in the development of the Old War Office (OWO) project in central London. The project is being converted into a 5-star hotel and luxurious residential apartments. The company expects to receive significant returns on their investment from the operations of the hotel and the sale of the apartments.

Earlier, GOCL bagged orders from Coal India Limited, a Maharatna Company of the Government of India for the supply of bulk explosives, to be supplied over a period of 2 years i.e., from October 2023 to October 2025. The order is worth Rs 766,00,00,000 or Rs 766 crore.

On Wednesday, shares of GOCL Corporation Ltd plunged 8.98 per cent to Rs 549.50 per share with an intraday high of Rs 608.95 and an intraday low of Rs 545.45. The company’s order book stands at Rs 1,100 crore as of September 30, 2023.

GOCL Corporation Ltd is engaged in the business of energetics, mining & infrastructure services and realty. It is a part of Hinduja Group which has a presence across various industries such as Automotive, information technology, media, entertainment & communications, infrastructure projects, development, oil & speciality chemicals, power, real estate and healthcare. 

GOCL Corporation Ltd has a market cap of over Rs 2,700 crore and has been maintaining a healthy dividend payout of 25.1 per cent. Dilipkumar Lakhi, an ace investor owns 1.37 per cent stake in the company as of September 2023. 

The stock gave multibagger returns of over 100 per cent in 1 year whereas BSE Sensex Index is up by 6.11 per cent. Investors should keep an eye on this Small-Cap stock.

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