520 per cent returns: This multibagger micro-cap company has secured a significant order worth Rs 15 crore!
The company has a ROCE of 29.7 per cent and a ROE of 32.7 per cent.
Inflame Appliances Ltd is a leading manufacturer of kitchen appliances in India. They specialize in electrical chimneys, range hoods, built-in hobs, LPG gas stoves, cooktops, and OTGs. With 30+ chimney models and operations in 18+ states, they are known for their wide product range. Inflame Appliances aims to achieve 100 per cent in-house manufacturing and eco-friendly packaging, while serving as a one-stop solution for partner brands.
Inflame Appliances Ltd has secured a significant order for chimneys, totalling over 36,000 units, from a prominent player in the home solutions and kitchen appliances industry in India. The order amounts to Rs 15.4 crore, making it their largest order to date. The manufacturing and supply of the chimneys will be carried out at their Panchkula plant over the next two months.
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This achievement reinforces Inflame Appliances' reputation as a leading chimney manufacturer and supplier in India, demonstrating their commitment to delivering high-quality products at competitive prices. The company is also focused on expanding its product offerings and attracting renowned brands in the kitchen appliances category.
The company has delivered returns of 47 per cent over the past year and exceptional returns of 524 per cent over the past 3 years. Additionally, the company has a ROCE of 29.7 per cent and a ROE of 32.7 per cent.
On Friday, shares of the company surged by more than 3.55 per cent and made an intraday high of Rs 587.
Investors should keep a close eye on this trending stock.