Rail Engineering Company Bags New Orders Worth Rs 6,95,18,861.65 From Construcciones y Auxiliar de Ferrocarriles
The stock is up by 60 per cent from its 52-week low of Rs 80.35 per share.
Presstonic Engineering Limited has received a prestigious order from the Spanish Railway Giant, CAF (Construcciones y Auxiliar de Ferrocarriles) to supply "Luggage Rack" to RENFE High Speed Trains, delivered to Spain under the Technical Specifications and the Terms and Conditions specified in the Purchase Order with the Total Order Value of EURO 7,09,017.36 (Rs 6,95,18,861.65) without value added tax.
About the Company
Presstonic Engineering Ltd., established in 1996, is a significant manufacturer serving the rail and metro industry, providing a broad spectrum of products including metro rail rolling stock components, railway signalling products, and infrastructure solutions for both domestic and international OEMs. Their product range spans interior and non-interior rolling stock parts, signalling equipment, and infrastructure solutions, demonstrating a commitment to supplying high-quality components to leading industry players. Further diversifying their portfolio, the company has entered the North American market by manufacturing premium kitchen oven parts.
DSIJ’s ‘Flash News Investment' weekly Newsletter recommends profit-making ideas for you based on fundamental and technical analysis. If this interests you, do download the service details here.
The company has a market cap of Rs 94 crore with the promoters holding a 58 per cent stake and the public owning a 42 per cent stake. The shares of the company have an ROE of 18 per cent and an ROCE of 19 per cent. The stock is up by 60 per cent from its 52-week low of Rs 80.35 per share.
Disclaimer: The article is for informational purposes only and not investment advice.