Under Rs 150: Marine and Defence Company Secures Contract Worth Rs 20,82,00,000 for LT and HT Panels; Stock Hits Upper Circuit Today!

The shares of the company have delivered a return of around 161 per cent to its shareholders in just 1 years only.

This Small-Cap company engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components, such as switchgear and control gears, has secured orders from Digital Edge DC (India) Private Limited for LT and HT Panels. The delivery period for these orders will be 16-18 weeks. Additionally, the company has also received orders from Crescon Projects & Services Private Limited for LT and HT Panels, with a similar delivery timeframe. The total value of these orders is Rs 20.82 crore.

Share Performance:

On Wednesday, the share of Marine Electricals closed at around Rs 132.17 per share, with a market capitalization of Rs 1753.42 crore. The stock has delivered a multibagger return of around 161 per cent in just 1 year. Moreover, the company’s stock hit the upper circuit today.

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Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 237 crore and an operating profit of Rs 20 crore. The operating profit margin for the quarter stands at 9 per cent. The company’s net profit stood at Rs 12 crore. In FY24, the company reported a revenue of Rs 622 crore compared to Rs 443 crore, and a net profit of Rs 26 crore, compared to a profit of Rs 17 crore in the previous year.

According to the shareholding patterns, promoters own 71.98 per cent, FIIs own 0.02 per cent, and public investors own 27.99 per cent.

Investors must keep this small-cap stock on their radar.

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