This small-cap company bags and order worth under Rs 50,00,00,000 from Oil Corporation of India: High ROE and ROCE; Results announcement tomorrow

The company has posted its highest ever annual sales and profits in FY23, and it will be announcing FY24 results tomorrow.

This Small-Cap company specializes in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces has received a significant order from Indian Oil Corporation Limited (IOCL) on May 27, 2024, for the supply of an Incinerator Package at the IOCL Barauni Refinery. This order, valued at under Rs 50 crore, has a project delivery schedule set for July 27, 2025.

Incorporated in 2010, JNK India Limited specializes in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces.

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On Wednesday, the company's stock is trading at around Rs 643.65 per share, with a market capitalisation of Rs 3580 crore. Additionally, compared to its final IPO price of Rs 415 shares have delivered an impressive return of around 55 per cent.

In terms of shareholding pattern, as of March 2024, the company’s promoters maintain a 67.96 per cent stake in the company. The FIIs and DIIs hold 4.61 per cent and 8.63 per cent while the public ownership stands at 18.79 per cent as per the recent update.

In FY23, the company reported a revenue of Rs 405 crore representing a growth of 40 per cent and a net profit of Rs 47 crore, compared to a net profit of Rs 36 crore in the previous year. As per the per release, the company is likely to announce its Quarterly Results as well as annual performance of FY24 tomorrow.

Investors must keep this small-cap stock on their radar.

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