Engineering Company Achieves Record Monthly Orders of Rs 107,00,00,000 in July; Stock Soars Over 2,500 per cent!
The company’s shares have delivered a multibagger returns over 2500 per cent to its shareholders.
In July 2024, Jash Engineering Limited achieved a milestone with its highest-ever monthly order booking, totalling Rs 107 crore. This record includes a significant order from Hong Kong worth over Rs 34 crore for the Yuen Long Barrage flood alleviation project.
Of the total orders, Rs 38 crore are for the Indian market, while Rs 69 crore are designated for international markets. Key contributors to this achievement include Welspun – Mumbai Larsen & Toubro – Chennai in India, Atal Engineering – Hong Kong, Astra Engineering – Thailand, and CCW Raw Water Weir Improvements – USA abroad.
As of August 1, 2024, the company's consolidated order book is Rs 939 crore. This includes Rs 327 crore for the Indian market and Rs 612 crore for international markets. Within the international segment, Rs 365 crore is for the USA, Rs 21 crore is from Waterfront-UK (where Jash owns an 80 per cent stake), and Rs 226 crore is for other global markets. Additionally, Rs 60 crore in negotiated orders are pending formal purchase orders, with Rs 34 crore for India and Rs 26 crore for projects outside India.
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In a significant move for future growth, Jash Engineering has registered the lease deed for new land to expand its SEZ Unit 4 plant. Construction of a new 64,000-square-foot facility for manufacturing stainless steel products is set to begin in October 2024 and is expected to be completed by November 2025. The plant, with a projected cost of Rs 15-16 crore, aims to contribute up to Rs 100 crore annually to the company's revenue.
Today shares of Jash Engineering Limited closed at around Rs 2405 per share. The company’s current market capitalization stands at Rs 3009.27 crore. Additionally, the shares have delivered a multibagger return of over 2500 per cent in the past 5 years.
As per the Quarterly Results, in Q4 FY24, Jash Engineering Limited recorded a revenue of Rs 217 crore. The operating profit for Q4 FY24 stood at Rs 53 crore along with an operating profit margin of 24 per cent. The net profit for Q4 FY24 stood at Rs 39 crore compared to Rs 33 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 516 crore in FY24. The operating profit for FY24 was Rs 99 crore with a net profit of Rs 67 crore compared to a net profit of Rs 52 crore in FY23.
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Disclaimer: The article is for informational purposes only and not investment advice.