This Heaters and Furnaces Manufacturer Bags Order Worth Between Rs 350 crore to Rs 500 crore from Reliance Industries!
The company’s shares have delivered an impressive return of over 60 per cent compared to its final IPO issue price.
JNK India Limited, incorporated in 2010 is engaged in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces.
JNK India Limited announced that it received a mega order from Reliance Industries Limited on June 14, 2024, for the Gas Cracker Unit (GCU) De-Bottlenecking (DBN) Project at RIL’s Nagothane Manufacturing Division (NMD) in Maharashtra, India. The scope of work includes design, engineering, procurement, supply, complete site erection, and technical assistance during pre-commissioning, commissioning, and performance guarantee test runs for 2 gas-cracking furnaces. The contract is valued between Rs 350 crore and Rs 500 crore according to the project classification metrics of the company.
Read This Solar and Wind EPC Stock Rallied 20 per cent in Just 1 Day, Hit Upper Circuit with Heavy Volumes reached 52-Week High; Keep This on Your Radar
Share Performance:
On Friday the shares of JNK India Limited closed the day at Rs 675 per share. The company’s current market capitalization stands at Rs 3754 crore. The stock has delivered a return of over 60 per cent compared to its final IPO issue price of Rs 415 per share.
Financial performance:
According to the Quarterly Results, in Q4 FY24, JNK India Limited reported a revenue of Rs 227 crore and an operating profit of Rs 31 crore. The operating profit margin for the quarter stands at 14 per cent. The company’s net profit stood at Rs 17 crore. In FY24, the company reported a revenue of Rs 480 crore compared to Rs 407 crore and a net profit of Rs 63 crore, compared to a profit of Rs 46 crore in the previous year.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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