266 per cent returns & Rs 174 crore orders inflows: This aerospace & defence company bags new order worth Rs 43.76 crore from Ministry of Defence!

The stock gave multibagger returns of 266 per cent in just 1 year.

Krishna Defence and Allied Industries Limited (KDAIL) has bagged an order from the Ministry of Defence for the supply of special steel products to be used for Naval Applications, worth Rs 43.76 crore inclusive of taxes. The contract has to be executed in 24 months.

Commenting on the order win, the management team of KDAIL stated: This order is a testimony of KDAIL’s continuous efforts to design & develop products for critical applications for the Indian Navy. This order showcases KDAIL's strength in executing large orders, developing products with cutting-edge Research and Development and most importantly the approach of KDAIL towards achieving its ultimate mission of delivering innovative, indigenised, cost-efficient, and modern engineering solutions laced with the latest technology.

With this contract win, our order inflow for this financial year is Rs 174 crore. The company’s opening order book at the start of the current financial year was Rs 76.96 crore. This positions KDAIL exceptionally well for continued success in the future.

Incorporated in 1996, Krishna Defence and Allied Industries Limited develop, manufactures, and designs defence application products, kitchen, and dairy equipment products and has two manufacturing plants located in Gujarat, Kalol, and Halol District near Vadodara. The company has a market cap of Rs 340 crore.

On Friday, shares of KDAIL plunged 0.66 per cent to Rs 293.50 per share with an intraday high of Rs 299 and intraday low of Rs 291.30. The stock gave multibagger returns of 266 per cent in just 1 year and investors should keep an eye on this micro-cap stock.

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