145 per cent returns: This multibagger micro-cap company receives new orders worth Rs 4,11,81,638 from Garden Reach Shipbuilders & Engineers Ltd!

The shares of the company have an ROE of 39.7 per cent and an ROCE of 32.8 per cent.

Meson Valves India Ltd informed that the company have received 2 new orders worth Rs 4.12 crore from Garden Reach Shipbuilders & Engineers Ltd. Here are the details:

Order No – 1: The company received a purchase order (PO) for the supply of B&D spares for hull valves for project ASW SWC. The order value is Rs 1,35,35,522 Inclusive of all taxes and will be completed within 3 months.

Order No – 2: The company received another purchase order (PO) for the supply of B&D Spares for water valves. The order value is Rs 2,76,46,116 Inclusive of all taxes and will be completed within 3 months.

Founded in 2016 (formerly Sander Meson India), Meson Valves India Limited has carved a niche for itself as a leading supplier of industrial equipment. Beyond just valves, actuators, and strainers, their extensive portfolio encompasses remote-control valve systems, control cabinets, tanks, visualization tools, and even intricate pieces like piping, pumps, and measurement devices. They don't stop at supplying – Meson Valves offers complete lifecycle support, assembling, buying, selling, distributing, and even handling imports and exports, with dedicated installation and maintenance services for their diverse equipment range.

Currently operating an assembly unit in Bhamboli, Pune, they're poised for further growth. An ambitious new manufacturing facility is on the horizon, utilizing Rs 11.5 crore from their net proceeds to propel them from assemblers to full-fledged manufacturers. This bold move signals Meson Valves' commitment to becoming a comprehensive industrial equipment powerhouse, shaping the future of the industry one valve, gasket, and visualization system at a time.

Today, shares of Meson Valves India Ltd surged 0.86 per cent to Rs 469.60 per share with an intraday high of Rs 473.95 and an intraday low of Rs 455. The stock gave multibagger returns of 145 per cent from its 52-week low of Rs 193.80 per share.

The company has a market cap of Rs 477.12 crore and shares of the company have an ROE of 39.7 per cent and an ROCE of 32.8 per cent. Investors should keep an eye on this micro-cap stock.

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