Rs 7,10,166 lakh order book & FIIs increase stake: Multibagger railway wagons company reports a 165 per cent jump in net profit!

The stock gave multibagger returns of 275 per cent in 1 year and a whopping 2,300 per cent in 3 years.

Today, shares of Jupiter Wagons Ltd gained 4.50 per cent to an intraday high of Rs 423.75 per share from its previous closing of Rs 405.55. The stock’s 52-week high is Rs 442.15 while its 52-week low is Rs 107.45.

Talking about the financials, the company has a market cap of over Rs 15,000 crore and has delivered good profit growth of 80.1 per cent CAGR over the last 5 years. In its Quarterly Results (Q4FY24) and annual results (FY24), the company reported amazing numbers. As of March 31, 2023, the company order book stands at Rs 7,10,166 lakh.

Performance Highlights for Q4FY24

• Total Income for Q4FY24 stood at Rs 1,12,134 lakh, up 57 per cent (YoY).
• EBITDA for Q4FY24 at Rs 14,772 lakh, up 59 per cent (YoY).
• Continue to deliver industry-leading margin as EBITDA Margin improves to 13.3 per cent in Q4FY24 from 13.1 per cent in Q4FY23.
• PAT for Q4FY24 stood at Rs 10,422 lakh, higher by 156 per cent (YoY) with PAT Margin improving to 9.3 per cent.
• EPS for the quarter is Rs 2.54 per share with a face value of Rs10 each.

Performance Highlights for FY24

• Total Income for FY24 stood at Rs 3,66,224 lakh, up 77 per cent (YoY).
• EBITDA for FY24 at Rs 49,103 lakh, up 93 per cent (YoY).
• Continue to deliver industry-leading margin as EBITDA Margin improved to 13.5 per cent in FY24 from 12.3 per cent in FY23.
• PAT for FY24 stood at Rs 33,279 lakh, higher by 165 per cent (YoY), and PAT Margin improved to 9.1 per cent.
• EPS for FY24 is Rs 8.27 per share with a face value of Rs 10 each.
• The Board of Directors recommends a final dividend of Rs 0.30 per share of FV of Rs 10 each. The company has paid an interim dividend of 3 per cent at Rs 0.30 per equity share of Rs 10 each, fully paid up for the Financial Year 2023- 24 in March 2024.

Also Read: 4:1 bonus shares & Rs 2,326 crore order book: This multibagger engineering company is into expansion of business with acquisition of EMC Ltd; details inside!

Jupiter Wagons Limited (JWL), a leading Indian railway wagon manufacturer, is on a roll in 2024. They secured major contracts worth Rs 1,53,000 lakh for manufacturing and supplying wagons. This includes Rs 95,700 lakh worth of BOSM wagons for the Ministry of Railways, Rs 47,300 lakh worth of BOM wagons for the Ministry of Defence, and Rs 10,000 lakh worth of double-decker automobile carrier wagons for a prominent car manufacturer.

JWL is strategically expanding its footprint through a Rs 27,100 lakh acquisition of Bonatrans India Private Limited (BIPL), a leading wheelset manufacturer, and a long-term MoU with RITES Limited to explore international railway projects. They're also focused on import substitution and automation (facilities are LRQA and BVQI certified) to boost global competitiveness and increase wagon production capacity (from 900 to 1000 wagons per month upon foundry expansion).

JWL's Marine Container Business is also flourishing with a Rs 1,000 lakh pilot order for 40-foot open-top coil containers and a Letter of Intent for 1,000 special Flex Inverter containers in fiscal year 2024-25. They're seeing high international interest and their JV, JWL DAKO CZ India Ltd., secured an Rs 11,200 lakh order for axle-mounted disc brake systems from Indian Railways. With expertise in BESS containers for solar and data centres, JWL has a strong position in the growing renewable energy and commercial energy storage markets. Finally, JWL successfully raised Rs 52,800 lakh through a Qualified Institutional Placement (QIP) in May and December 2023, attracting prominent domestic and international investors.

In April 2024, FIIs increased their stake to 2.28 per cent compared to 1.26 per cent in December 2023. The stock gave multibagger returns of 275 per cent in 1 year and a whopping 2,300 per cent in 3 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.