Debt-free multibagger electrodes company bags new order worth Rs 38,71,58,000 from Nuclear Power Corporation of India Ltd

The stock gave multibagger returns of 450 per cent in just 3 years and a whopping 1,200 per cent in a decade.

DE Nora India Ltd has been awarded a contract by Nuclear Power Corporation of India Limited (NPCIL) to refurbish four existing seawater electro-chlorination systems. The contract involves supplying 12 De Nora-made electro-chlorinators, four fabricated skids, and the dismantling, installation, and commissioning of the entire system. With a total value of Rs 38,71,58,000 (inclusive of taxes), the project is expected to be completed within 24 months from the date of the purchase order.4

DE Nora India Ltd, a subsidiary of the Italian multinational De Nora Group, manufactures and services electrolytic products in India. Founded in 1989, the company leverages De Nora Group’s global expertise to bring advanced technologies to the Indian market. They are a leading supplier of chlorine & caustic soda production technologies and are the world's largest manufacturer of electrodes and related coatings used in various electrochemical applications.

Today, shares of DE Nora India Ltd gained 2.75 per cent to Rs 1,950 per share from its previous closing of Rs 1,897.10 per share. The stock’s 52-week high is Rs 2,334 and its 52-week low is Rs 1,298.10. As of March 31, 2024, the company is debt-free. 

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The company has a market cap of over Rs 1,000 crore and reported positive numbers in its Quarterly Results (Q4FY24) and annual results (FY24). The company's shares have a PE of 53x, an ROE of 18 per cent and an ROCE of 23 per cent. The stock gave multibagger returns of 450 per cent in just 3 years and a whopping 1,200 per cent in a decade. Investors should keep an eye on this stock.

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