Multibagger Rubber Company Secures Rs 18,51,641.35 Order for Neoprene Sponge Gaskets for Smart Meters and Vande Bharat Trains - Indian Railways

The company’s shares have delivered a multibagger return of over 225 per cent in just 1 year.

This micro-cap company engaged in the manufacturing and trading of rubber profiles, aluminum rubber profiles, automobile rubber profiles, rubber compounds, various rubber components, and clear PVC profiles, has secured a Work Order or Letter of Award valued at Rs 18,51,641.35 (inclusive of taxes) for supplying "Neoprene Sponge Gaskets" to be used in smart meters and Vande Bharat trains for Indian Railways. This order, aligned with the company’s routine business activities, will be executed per the specified terms and conditions of the work order and is scheduled for completion within one month.

On Friday, the shares of Gayatri Rubbers and Chemicals Ltd closed the day at around Rs 480 per share on the NSE. The company’s current market capitalization stands at Rs 275.42 crore. Additionally, the shares have delivered over 225 per cent return in the past 1 year.

The company doesn’t declare Quarterly Results, as per the half-yearly results Sep FY24, Gayatri Rubbers and Chemicals Ltd recorded a revenue of Rs 13.64 crore compared to Rs 10.78 crore. The operating profit stood at Rs 2.07 crore. The net profit stood at Rs 1.27 crore compared to a profit of Rs 0.61 crore. Looking at the annual performance, the company generated a revenue of Rs 24.41 crore in FY24. The operating profit for FY24 was Rs 2.73 crore with an operating profit margin of 11.18 per cent with a profit of Rs 1.56 crore.

According to the shareholding pattern of the company, the promoters hold a 73.37 per cent stake while public investors own 26.63 per cent of the shares.

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