1,800 per cent returns & 52-week high alert: This fuel supplying company receives new orders worth Rs 539 crore from oil marketing companies!

The shares of the company have an ROE of 27.5 per cent and an ROCE of 33.6 per cent.

Kotyark Industries Limited, India’s only pure-play listed biodiesel company; and Yamuna Bio Energy Private Limited, have announced receipt of an allocation sheet against the tenders for procurement of biodiesel filed by both the companies in September 2023. The companies have received partial allocation sheets with a cumulative procurement quantity of 66,234 KL from OMCs [Indian Oil Corporation Limited (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL)] worth Rs 539 crore.

1) Indian Oil Corporation Limited (IOC) – Total Quantity: 42,155 KL

2) Hindustan Petroleum Corporation Limited (HPCL) – Total Quantity: 7,577 KL

3) Bharat Petroleum Corporation Limited (BPCL) – Total Quantity: 16,502 KL

Commenting on the order win, Gaurang Shah, Chairman and Managing Director said: Kotyark Industries and Yamuna Bio Energy have won a major order for biodiesel, which is a sign of the growing demand for biofuels in India. This is a significant milestone for both companies and a testament to their dedication to sustainable energy solutions. The order has the potential to transform Kotyark Industries and Yamuna Bio Energy into key players in the Indian biodiesel industry.

On Friday, one of the Top Gainers on NSE, shares of Kotyark Industries Ltd gained 16.46 per cent to make a new 52-week high of Rs 830 per share from its previous closing of Rs 712.70. At the closing bell, shares of the company were trading at Rs 789.95 per share, up 10.84 per cent.

The shares of the company have an ROE of 27.5 per cent and an ROCE of 33.6 per cent. The stock gave multibagger returns of over 1,800 per cent returns in just 3 years. Investors should keep an eye on this stock.

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