50 per cent from its 52-week low: This small-cap company delivers integrated airdrop test crew module structure to ISRO!

The stock gave 50 per cent returns from its 52-week low of Rs 91.60.

KCP Ltd, a leading Heavy Engineering is a 70-year-old company headquartered in Chennai, India. It supplies equipment to the core engineering sector (cement, sugar, mineral, power, and steel), oil and gas industries, and Indian defence, space, and nuclear establishments. KCP has an integrated facility for heavy casting, machining, and fabrication.

KCP has been associated with ISRO for the past 30 years and supplies flight hardware for rocket vehicles, such as motor cases, nozzle divergent, and interstage structures. KCP has also supplied heavier ground parts for propellant casting and vehicle launching facilities, such as the mobile launch pedestal and 7.0m diameter vacuum chamber.

KCP is currently working on ISRO's Human Space Flight Mission (Gaganyaan) and has received an order for the fabrication of two Integrated Airdrop Test Crew Model Structures (IADT-CMs). These structures are for demonstrating the technology readiness levels before carrying out the actual human space flight mission.

KCP has developed the tooling and fixtures, fabricated, and realized the first IADT-CM structure through in-house facilities. The IADT-CM structure is about 3.1m in diameter and 2.6m in height and is made up of light alloy (aluminium) and 15CDV6 steel. The structure is built up with more than 100 components joined together by welding, riveting, and threaded fastening. Structure fabrication involves critical tooling and fixturing, forming, welding, heat treatment, machining, assembly, and riveting work.
Future Plans: KCP Ltd is planning to expand its facilities to participate in a larger way in ISRO's future programs. The company plans to add a precision machine shop facility and is eyeing bigger diameter rocket motor cases and GSLV interstage and tank structures fabrication. KCP's facilities are ideally suited for the fabrication of parts for ISRO's next-generation launch vehicle.

On Friday, shares of KCP Ltd gained 3.04 per cent to Rs 134 per share with an intraday high of Rs 138.75 and an intraday low of Rs 127.55. The company has a market cap of over Rs 1,700 crore.

The shares of the company saw a spurt in volume by more than 3.13 times on BSE. The stock gave 50 per cent returns from its 52-week low of Rs 91.60. Investors should keep an eye on this Small-Cap stock.

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