Heavy buying: Company secured orders from Havells India and KSB Limited recently; stock rallies around 20 per cent and hits 52-week high!

The company's shares have delivered a multibagger return of around 1099 per cent in the last three years.

Incorporated in 1995, Amba Enterprises Limited specializes in the manufacturing and sale of coil, transformer lamination sheets, and related products. Today the company experienced a significant surge in its share price.

At the start of the day's trading session, the stock opened at Rs 183.70 per share, compared to the previous day's closing figure of Rs 153.75 per share on the BSE. Eventually, the stock closed the day at Rs 174.60 per share on the BSE representing a gain of 13.56 per cent. 

The company's current market capitalisation stands at Rs 221 crore, and the stock has generated multibagger return of around 145 per cent in the past 1 year.

In FY24 Amba Enterprises Limited reported revenue of Rs 282 crore, representing a year-on-year growth of 29 per cent from Rs 218 crore last year. The company posted an operating profit of Rs 9 crore, compared to a profit of Rs 7 crore in last year. The company’s net profit stood at Rs 6 crore in FY24 representing a gain of 20 per cent YoY. According to the Quarterly Results, in Q4 FY24, the company's revenue surged by 16 per cent, reaching Rs 77.55 crore, while net profit was almost flat.

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Order Details:

Amba Enterprises Limited has received purchase orders from Havells India Limited and KSB Limited. These orders are anticipated to substantially boost the company's business capacity, potentially increasing it by 4 to 5 times, and significantly contribute to enhancing turnover and financial position in the upcoming years.

The company has been awarded purchase orders from both Havells India Limited and KSB Limited. These orders are anticipated to significantly boost the company's business capacity. The time frame for executing these orders is expected to be between 20 to 30 days from the date of receipt. The monthly order values are estimated to range between Rs 2.15 to Rs 2.30 crore for Havells India Ltd and Rs 1.00 to Rs 1.1 crore for KSB Ltd. The annualized sales target for Havells India Ltd is Rs 25 crore, while for KSB Ltd it is Rs 12 to Rs 13 crore.

Investors must keep this Small-Cap multibagger stock on their radar.

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