Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; bags new orders worth 14.91 crore!

Shares of this company have given about 100 per cent returns in the last six months.

Shares of Loyal Equipments Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. In the last one month, the stock has gained about 10 per cent.

Loyal Equipments Limited has also delivered multibagger returns to its shareholders in the last one year of about 300 per cent in one-year holding period. And in the last six months, the stock has gained about 100 per cent.

Loyal Equipments Limited informed in the exchange filing that the company has received a new order worth Rs.3.55 crores from Linde Engineering India Pvt Ltd. The order involves, the supply of gas product skids & booster turbine skids. The order is from a domestic entity and the order is to be executed in 7 months. And the company also received another work order worth Rs.11.36 crores from Numaligarh Refinery Limited. The order involves the supply of shell and tube heat exchangers. 

In Q4FY23, the company’s revenue stood at Rs 11.57 crore, showing a YoY de-growth of 14.86 per cent. The operating profit of the company stood at Rs 2.84 crore, growing by 2037.59 per cent YoY, while the company’s PAT stood at Rs 1.84 crore.

Loyal Equipments Limited is engaged in manufacturing and supplying Coded Pressure Vessels & Heat Exchangers (Ferrous & Non-Ferrous), Air Cooled Heat Exchangers, Skids for Dynamic and Static Machineries, Base-Plates, Sterilizers, Chimneys and Columns, Tanks & Receivers, Site Fabrication & Erection Activities.