Ashish Kacholia-Backed Aerospace and Defence Company Bags Order Worth Rs 8,30,00,000 from Cochin Shipyard!

The company’s shares have delivered an impressive multibagger returns of over 465 per cent in just 1 year.

Incorporated in 1996, Krishna Defence and Allied Industries Limited develops, manufactures, and designs Defence Application Products, Kitchen, and Dairy Equipment Products. The company has two manufacturing plants located in Gujarat, in Kalol and Halol districts near Vadodara. 

Krishna Defence and Allied Industries Limited recently secured an order from Cochin Shipyard Limited (CSL) to supply special steel products for shipbuilding purposes. The order valued at Rs 8.30 crore inclusive of taxes, this order underscores KDAIL's expertise in producing various grades of special steel products.

Today, the shares closed at Rs 1040.85 per share on the NSE. The current market capitalization of Krishna Defence and Allied Industries Limited stands at Rs 1426.49 crore, and the stock has generated an impressive multibagger return of around 465 per cent in just 1 year. 

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Krishna Defence and Allied Industries Limited recorded a revenue of Rs 71 crore. The operating profit for Q4 FY24 stood at Rs 11 crore. The net profit for Q4 FY24 was Rs 7 crore. Looking at the annual performance, the company generated a revenue of Rs 106 crore in FY24, compared to Rs 63 crore in FY23. The operating profit for FY24 was Rs 15 crore, with a net profit of Rs 10 crore.

Regarding the shareholding pattern, the promoters own 62.27 per cent of the company and the public or retail investors hold 37.73 per cent. Ashish Kacholia owns 2.99 per cent stake in the company.

Investors must keep this Large-Cap stock on their radar.

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