This micro-cap multibagger entered into an agreement with United Wagon Company to design 10,000 wagons for Indian Railways

The company reported a strong order of over Rs 1,900 crores in FY2022. It is a micro-cap stock with a market capitalization of Rs 867 crore

The Indian Railways has announced a tender to procure 10,000 modern wagons and brake vans. Oriental Foundry Private Limited, a Wholly Owned Subsidiary of Oriental Rail Infrastructure Limited has already entered into an Agreement with United Wagon Company, a Russian manufacturer of railway rolling stock, to receive full design, technical details, and support about modern wagons and bogies for Indian Railways.

The shares of one of the biggest manufacturers of heavy engineering equipment in the railway business have been locked in a lower circuit of 5 per cent at Rs 160.90 per share. The company has not made any substantial announcements since the above one. As a result, the drop in the share price could be completely due to market forces.

Oriental Rail Infrastructure shares have given multibagger returns of 278.68 per cent in the last six months and 53 per cent in the last year. It is worth noting that the shares of Oriental Rail Infrastructure have gained more than 70,000 per cent in a decade.

The company reported a strong order of over Rs 1,900 crores in FY2022. Revenue for the company increased by 96 per cent year on year, from Rs 58 crores in Q2FY23 to Rs 114 crores in Q2FY24. During the same period, Net Profit grew by 40 per cent, from Rs 5 crores to Rs 7 crores.

Oriental Rail Infrastructure Ltd is a micro-cap stock with a market capitalization of Rs 867 crore.

United Waggon Company is Russia's top and one of the world's largest goods car producers. The corporation is on the list of strategically important organisations maintained by the Russian Ministry of Economic Development.

Oriental Foundry Private Limited manufactures bogies and couplers, and the company has a market share of more than 30 per cent in seats and berths.

About Company

Oriental Rail Infrastructure Ltd is engaged in the manufacturing and supply of several items for the Indian Railways and other industries. The company products include all types of Recron, Seat & Berth, and Compreg Boards, and also engaged in trading timber woods and all its products.

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