600 per cent returns: This multibagger stock from the aerospace and defense sector secures new order worth Rs 117 crores!

Shares of the company have gained more than 60 per cent in the last one year.

Sika Interplant Systems Limited informed in the exchange filing that the company had received an order for advanced engineering products and services. The total new order received by the company in FY24 is worth Rs 117 crore.

Sika Interplant Systems Limited has reported results for the first quarter ended June 30, 2023 (Q1FY24). The company posted strong Quarterly Results. The revenue of the company stood at Rs 24.62 crore which grew by 86.83 per cent YoY. The operating profit of the company stood at Rs 5.05 crore, while the PAT of the company stood at Rs 3.57 crore, representing an impressive growth of 62.1 per cent YoY.

Sika Interplant Systems Limited is an engineering-driven company focused on providing products, systems, and services to the Aerospace, Defence & Space, and Automotive sectors in India.

The company has a presence in businesses like search and rescue (Rescue hoists/ winches or air ambulance/ EMS modules), Landing gear & hydraulics, interconnection systems (harness & looms, electro-mechanical assemblies, etc), handling systems (cargo hooks, cargo and marine winches, sonar winch, etc.), etc.

In the last three years, the shares of the company have given more than 600 per cent returns and in the last one year, the stock has gained about 65 per cent. 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.