Do you own this manufacturing stock that got approval for an Rs 81.60 crore project?

This contract is in addition to the existing business with Tata Steel Limited and other clients.

Today, the shares of Ahlada Engineers Ltd were trading in the upper circuit, rising by 4.81 per cent to Rs 110 per share. Recently, the company received an order worth Rs 81.60 crore (including GST) from Andhra Pradesh Education & Welfare Infrastructure Development Corporation (APEWIDC). The project consists of the supply and installation of powder-coated galvanized steel doors and frames with shutters for government schools.  

With the aforementioned orders added the Government of Andhra Pradesh's overall order book stands at Rs 132.97 crore as of today, including the prior order of Rs 51.36 crore. This contract is in addition to the existing business with Tata Steel Limited and other clients. 

Ahlada Engineers Limited is in the business of manufacturing steel doors, steel windows, steel frames, ceramic steel green chalkboards, dual desks, purified drinking water systems and school furniture. The company currently has its facilities spread across 2 manufacturing units in addition to one assembling unit and stockyard, on the outskirts of Hyderabad. 

According to the financial statement, the company reported positive annual results. The current ROE and ROCE for Ahlada Engineers Ltd stock are 4.29 per cent and 7.35 per cent, respectively. 

Investors should keep an eye on this stock.