Rs 504 crore order book: This railway wagons company bags new orders worth Rs 2,560.31 lakh from Indian Railways
The stock gave multibagger returns of 792 per cent from its 52-week low of Rs 226.40 per share.
Cosmic CRF Ltd announced the acquisition of new orders totalling a substantial value of Rs 2,560.31 lakh (inclusive of GST). These orders have been secured from a combination of three distinct Wagon Manufacturing Companies and six divisions of Indian Railways. The orders are categorized as follows:
The first order, valued at Rs 903.21 lakh (inclusive of GST), has been placed by a domestic Wagon Manufacturing Industry. This order encompasses the supply of 324 sets of CRF Sections, specifically designed for BOXNS, BOSM, and BOXNHL Wagon models. The order is scheduled for completion within a six-month timeframe.
The second order, amounting to Rs 818.94 lakh (inclusive of GST), was also awarded by a domestic Wagon Manufacturing Industry. This order comprises a diverse range of CRF Sections, including 122 sets for BOXNHL Wagons, 236 sets for Centre Cill Wagons, and 16 sets for other specified configurations. Similar to the first order, this project is expected to be finalized within six months.
The third and final order, valued at Rs 838.26 lakh (inclusive of GST), has been commissioned by Indian Railways. This order involves the supply of 1,387 sets of CRF Sections for Side Top/Body Top Arrangements, 2,142 sets for Side Stanchions, and 240 sets for BOXNHL Wagons. The delivery period for this order is also set at six months.
These orders collectively represent a significant milestone for Cosmic CRF Ltd., solidifying its position as a key player in the wagon manufacturing industry. The company is committed to delivering these projects within the stipulated timeframe while adhering to the highest quality standards.
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Today, shares of Cosmic CRF Limited plunged 2.21 per cent to Rs 2,019 per share from its previous closing of Rs 2,062.65 with an intraday high of Rs 2,094.70 and an intraday low of Rs 1,959.55. The stock has a 52-week high of Rs 2,112.60 and a 52-week low of Rs 226.40.
Cosmic CRF is engaged in the manufacturing of railway components, sheet piles and structures. Cosmic CRF Limited is a qualified and RDSO-approved supplier of cold-rolled stainless sections to renowned wagon manufacturers. In addition to this, the company also supplies cold rolled stainless sections to direct orders of the railways through tender procurement.
Cosmic CRF Ltd has a market cap of Rs 588 crore and as of March 31, 2024, the company’s order book stands at Rs 504 crore. The stock gave multibagger returns of 792 per cent from its 52-week low of Rs 226.40 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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