Rs 486 crore order book & FIIs bought 29,521 shares: This multibagger company bags new orders worth Rs 36.22 crore; PAT zooms over 200 per cent!

The stock gave multibagger returns of over 130 per cent from its 52-week low of Rs 43.35 per share.

Marine Electricals (India) Limited has been busy securing several contracts recently. The largest order, valued at Rs 14.33 crore (excluding taxes), was from Cummins India Limited for the supply of sandwich bus duct with a delivery period of 12 months. They also received an order for an electrical package valued at Rs 11.54 crore (excluding taxes) from UDUPI Cochin Shipyard Limited, to be delivered within 8 months. Their latest order is from L&T Shipbuilding for Rs. 10.35Cr to supply a Data Distribution Unit (DDU) with a delivery period of 26 months.

Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. The company is engaged in the manufacturing and sale of all types of marine and industrial electrical & electronic components like switchgear, control gears, etc. 

The company has a market cap of over Rs 1,450 crore and its order book stands at Rs 486 crore. According to the Quarterly Results, the net sales increased by 66 per cent to Rs 237.08 crore and net profit increased by 204 per cent to Rs 12 crore in Q4FY24 compared to Q4FY23. In FY24, the net sales increased by 41 per cent to Rs 622.12 crore and net profit increased by 53 per cent to Rs 25.62 crore compared to FY23.

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On Friday, shares of Marine Electricals (India) Limited were locked in a 5 per cent upper circuit to Rs 109.60 from its previous closing of Rs 104.40. The stock’s 52-week high is Rs 122.90 and its 52-week low is Rs 47.65. In Q4 of the financial year 2024, FIIs bought 29,521 shares or 0.02 per cent stake in the company. The stock gave multibagger returns of over 130 per cent from its 52-week low of Rs 43.35 per share. Investors should keep an eye on this Small-Cap stock.

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