Rs 236 crore order book and FIIs increase stake: Heavy buying witnessed in this multibagger defence and aerospace stock; gains over 350 per cent!

Shares of the company gained more than 100 per cent in the last six months.

Sika Interplant Systems Limited has posted strong Quarterly Results in Q4FY24. The shares of the company gained more than 8 per cent on Tuesday. The revenue of the company stood at Rs 37.16 crore which grew by 97.27 per cent YoY. The operating profit of the company stood at Rs 7.84 crore which grew by 128.11 per cent on a YoY basis, while the PAT of the company stood at Rs 6.05 crore, which increased by 195.31 per cent on a YoY basis.

Recently, SIKA Interplant Systems Limited has secured significant new orders. Since the beginning of fiscal year 2023-24 (as of October 19th, 2023), their total order value reached approximately Rs. 150.5 crore. The company has further secured contracts worth Rs. 86 crores for advanced engineering products and services. This brings the company’s cumulative new orders to approximately Rs. 236.5 crore as of April 30th, 2024, showcasing a strong performance within the last thirteen months.

Sika Interplant Systems Limited is an engineering company in projects, systems, products, and engineering services for aerospace, space, marine, automotive and core industries. The product range of the company includes Motion Control Products and Systems, Hydraulic Products, Aero-engine LRU, Underwater Products, Industrial Equipment, Aerospace Materials and Components, and Engineered Projects.

The company is also in the business activities of Engineering Products, Projects & Services. The shares of Sika Interplant Systems have also delivered multibagger returns to its shareholders, with an increase of about 390 per cent. FIIs have increased their stake in the company in March 2024.

The stock has shown impressive growth, and investors should keep a close eye on this stock. 

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