Upper circuit alert: This railway equipment company bags a new work order worth Rs 1748.73 lakhs!

Shares of the company have gained about 3.00 per cent in the last six months.

Cosmic CRF Limited informed in the exchange filing that the company has bagged an order worth Rs 1748.73 lakhs. The order is for the supply of cold rolled formed railway wagon parts. The order is expected to be completed within 4 months.  

The company posted robust financial results in FY23. The company's revenue for FY23 stood at Rs 121.49 crore. The operating profit of the company stood at Rs 12 crore, while the PAT of the company stood at Rs 6 crore.

Cosmic CRF Limited is a qualified and RDSO-approved supplier of Cold Rolled Stainless Sections to renowned wagon manufacturers. In addition to this, our Company also supplies cold rolled stainless sections to direct orders of the railways through tender procurement. The company’s clients include Titagarh Wagons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, etc.

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On Monday, the stock opened at Rs 247.80, with a high and low of Rs 247.80 and Rs 247.80. The stock is closed trading at Rs 247.80, up by 5.00 per cent over its previous close of Rs 236.00.

The stock has a 52-week high of Rs 331.95 and a 52-week low of Rs 181.00. The company has an ROCE of 35.7 per cent and an ROE of 51.2 per cent, with a market capitalisation of Rs 172 crore.

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

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