Rs 5,95,265 lakh order book & FIIs increase stake: This multibagger wagons manufacturing company reports a 280 per cent jump in net profit!

The stock gave multibagger returns of 200 per cent in just 6 months, 325 per cent in 1 year and a whopping 850 per cent in 2 years.

Jupiter Wagons Limited (formerly Commercial Engineers & Body Builders Co Limited, CEBBCO), announced stellar Quarterly Results (Q2FY24) & half yearly results (H1FY24) for the fiscal year 2024 and robust order book. Here are the details:

Performance Highlights for Q2FY24

• Revenue from operations for Q2FY24 stood at Rs 87,930 lakh, up 111 per cent (YoY).
• EBITDA for Q2FY24 at Rs 12,117 lakh, up 143 per cent (YoY).
• Continue to deliver industry leading margin – EBITDA Margin improves to 13.8 per cent in Q2FY24 from 12 per cent in Q2FY23.
• PAT for Q2 FY24 stood at Rs 8,158 lakh, up 229 per cent (YoY), PAT Margin of 9.3 per cent
• EPS for the quarter is Rs 2.04 per share of a face value of Rs 10 each.

Performance Highlights for H1FY24

• Revenue from operations for H1FY24 stood at Rs 1,63,248 lakh, up 129.2 per cent (YoY)
• EBITDA for H1FY24 at Rs 21,851 lakh, up 172 per cent (YoY)
• Continues to deliver industry leading margin – EBITDA Margin improves to 13.4 per cent in H1FY24 from 11.3 per cent.
• PAT for H1FY24 stood at Rs 14,518 lakh, up 280 per cent (YoY), PAT Margin 8.9 per cent
• EPS for H1FY24 is Rs 3.66 per share of a face value of Rs 10 each and ROE (annualised) & ROCE (annualised) stand at 25 per cent and 27 per cent respectively as of September 2023.

Order Book Update: As of September 30, 2023, the company’s order book stands at Rs 5,95,265 lakh (as mentioned in the investor presentation of September 2023).

Earlier, the company announced raising of funds, aggregating up to Rs 700 crore through Qualified Institutions Placement (QIP) in terms of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “ICDR Regulations”) and/or any other permissible mode(s), in accordance with the ICDR Regulations and other applicable regulations, through public and/or private offerings of equity shares and/or any other convertible securities, in one or more tranches and/or one or more issuances simultaneously, subject to necessary approvals including the approval of the members of the Company and such other regulatory/ statutory approvals as may be required.

Jupiter Wagons Ltd is primarily involved in the business of manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components. The company has a market cap of over Rs 12,000 crore. In September quarter, FIIs have increased their stakes from 0.27 per cent to 0.86 per cent.

According to the quarterly results, the net sales increased by 75.55 per cent to Rs 2068 crore and net profit skyrocketed by 142 per cent to Rs 121 crore in FY23 compared to FY22.

On Tuesday, shares of Jupiter Wagons Ltd plunged 1.42 per cent to Rs 312.50 per share with an intraday high of Rs 322 and an intraday low of Rs 306.7. The stock’s 52-week high is Rs 412.5 and its 52-week low is Rs 71.05.

The stock gave multibagger returns of 200 per cent in just 6 months, 325 per cent in 1 year and a whopping 850 per cent in 2 years. Investors should keep an eye on this railway wagons company’s stock.

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