Hidden Defence Stock: Company Signs MoU with European Giant to Establish Arms and Ammunition Facility in India – Stock Hits Upper Circuit, Rallied 90 per cent in Just 1 Month!
The company’s shares have delivered an impressive multibagger return of over 230 per cent in just 2 years.
Incorporated in 2010, Tembo Global Industries Ltd is a Small-Cap company manufacturing and trading fabricated metal products.
TGIL announced a major strategic partnership with a prominent European company to establish India's cutting-edge arms and ammunition manufacturing facility. This newly signed MoU represents a significant milestone for Tembo Global as it ventures into the defence manufacturing sector, backed by a well-established international partner.
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A key component of the agreement is a strategic buy-back arrangement, under which the European company will purchase a substantial portion of the firearms produced by Tembo Global. This move strengthens Tembo Global's presence in the defence industry and bolsters its operational capabilities.
TGIL is a manufacturer and fabricator of metal products used in pipe support systems, fasteners, anchors, HVAC, anti-vibration systems, and equipment for industrial, commercial, utility, and OEM installations. The company specializes in fabricating and installing ductile pipes, HDB pipes and fittings, and MS plates. Its products are certified and approved by Underwriter’s Laboratory Inc. (USA) and FM Approvals (USA) for fire sprinkler system installations.
Today, the shares of Tembo Global Industries Ltd hit the upper circuit and are at around Rs 406.70 per share on the NSE. The company’s current market capitalization stands at Rs 451.59 crore. Additionally, the shares have delivered an impressive return of around 90 per cent in the past 1 month only.
As per the Quarterly Results, in the Q1 FY25, Tembo Global Industries Ltd recorded a revenue of Rs 128.41 crore compared to Rs 79.98 crore. The operating profit stood at Rs 8.36 crore. The net profit stood at Rs 5.37 crore compared to a profit of Rs 1.68 crore. Looking at the annual performance, the company generated a revenue of Rs 432 crore in FY24. The operating profit for FY24 was Rs 19 crore with a net profit of Rs 14 crore compared to a net profit of Rs 6 crore in FY23.
Disclaimer: The article is for informational purposes only and not investment advice.