700 per cent returns: This small-cap company announced outstanding order book worth Rs 736 crore; share jumps over 3 per cent

The company reported positive numbers in its quarterly results and annual results.

Jash Engineering Ltd informed that the company has a stellar order book worth Rs 736 crore as of July 01, 2023. Details below:

1) In the month of June 2023, the consolidated orders received by the company are worth Rs 75 crore out of which orders worth Rs 40 crore are for the Indian market and orders worth Rs 35 Cr are for markets outside India. The significant contributors to the monthly order booking of June 2023 are Sangamam Power Projects - Hyderabad, JWIL- New Delhi, Kalptaru Power - Mumbai & Ramky Infra - Hyderabad from India and Ananlouge - Hongkong, Kingsford - Hongkong and Anniston Phase 1B – USA from the international market.

2) As on July 01, 2023, the total consolidated order book position of the company is Rs 736 crore out of which orders worth Rs 232 crore are for the Indian market and orders worth Rs 504 crore are for markets outside India. Out of the consolidated orders worth Rs 504 crore for markets outside India, Rs 279 crore worth of orders are for the USA market and the remaining Rs 225 crore constitute orders for the rest of the world.

3) As on July 01, 2023, consolidated orders worth Rs 40 crore have been negotiated with clients and formal purchase orders are awaited. Out of this Rs 27 crore are for the Indian market and Rs 13 crore are for projects outside India. After negotiating an order, it may take up to 2 months to receive a formal purchase order from the client.

Jash Engineering manufactures equipment for water, wastewater, desalination, stormwater, hydropower, power, steel, cement, paper, petrochemicals, chemicals, fertilizers, and other process plants.

According to the financials, Jash Engineering has a market cap of Rs 1,472 crore. The company reported positive numbers in its Quarterly Results and annual results.

On Tuesday, shares of Jash Engineering zoomed 3.95 per cent to an intraday high of Rs 1,247.90 per share. At the closing bell, shares of the company were trading at Rs 1,223 per share, up 1.87 per cent.

The stock gave multibagger returns of over 700 per cent in just 3 years. Investors should keep an eye on this small-cap stock.