Multibagger stock under Rs 150: This micro-cap industrial product company bags new orders worth Rs 14.91 crore!

Shares of this company have given about 90 per cent returns in the last six months.

On June 22, 2023, 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. 

Earlier, on 6th June 2023, the company received another new 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.

On Thursday, the stock opened at Rs 109.00, with a high and low of Rs 112.90 and Rs 105.00. The stock closed trading at Rs 107.95, down by 0.64 per cent over its previous close of Rs 108.65.