1000 per cent returns & Rs 10,158 lakh orders: This multibagger engineering company receives new orders worth Rs 3,249 lakh!
The stock gave multibagger returns of 220 per cent in just 1 year, 615 per cent in 2 years and a whopping 1000 per cent in 3 years.
Kilburn Engineering Ltd informed that the company has received new orders worth Rs 3,249 lakh. The order consists of rotary dryers for various industries worth Rs 1,804 lakh, Vibro Fluid Bed Dryers worth Rs 904 lakh and Spares and Services worth Rs 541 lakh.
On Friday, shares of Kilburn Engineering Ltd surged 5 per cent upper circuit to Rs 196.70 per share from its previous closing of Rs 187.35. The stock also made a new 52-week high of Rs 196.70 per share.
Kilburn Engineering Ltd., a company with a market capitalization of Rs 739 crore, has reported excellent results in its quarterly and annual results. According to the half-yearly update, the company has received orders worth Rs 10,158 lakh. Including the above orders, the company’s order book now stands at Rs 13,407 lakh.
Kilburn Engineering Ltd. is engaged in designing, manufacturing and commissioning customized equipment/systems for critical applications in several industrial sectors like chemical, steel, nuclear power, petrochemical & food processing, etc. The shares of the company have a PE of 20.8x, an ROE of 33.1 per cent and an ROCE of 29.4 per cent.
The company's stock price has risen dramatically and has made consecutive upper circuits and 52-week highs over the past trading sessions. The stock gave multibagger returns of 220 per cent in just 1 year, 615 per cent in 2 years and a whopping 1000 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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