5:1 Stock Split: Company Secures Orders Worth Rs 49 Crore, 65 Per cent from International Market; Order Book Reaches Rs 946 Crore – Promoters Increase Stake!
The company’s shares have delivered an impressive return of over 2,200 per cent in 5 years.
Jash Engineering has announced a robust performance in August 2024, securing consolidated orders worth Rs 49 crore. Of this, Rs 17 crore is attributed to the Indian market, while Rs 32 crore comes from international markets.
Key contributors to this order influx include Tecton Engineering (Chennai), PSP Projects (Ahmedabad), Xylem Water Solutions (Vadodara) within India, NYCDEP Little Neck (NY, USA), Amherst WWTP (USA), and Swanee Engineering (Hong Kong) internationally.
As of September 1, 2024, the company's total consolidated order book stands at Rs 946 crore. This includes Rs 328 crore from the Indian market and Rs 618 crore from international markets. Notably, the international orders comprise Rs 371 crore from the USA, Rs 21 crore from Waterfront-UK, and Rs 226 crore from other regions. Jash Engineering holds an 80 per cent stake in Waterfront-UK, which has contributed Rs 26 crore to the order book.
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Additionally, Rs 39 crore in negotiated orders are pending formal purchase orders, with Rs 28 crore for the Indian market and Rs 11 crore for international projects. It typically takes up to two months to receive a formal purchase order after negotiations. Once received, these orders will be added to the company's consolidated order book and removed from the "negotiated orders" list.
Currently, the shares of Jash Engineering are at around Rs 2,016 per share on the NSE. The company’s current market capitalization stands at Rs 2,522.59 crore. Additionally, the shares have delivered an impressive multibagger return of over 2,230 per cent in the past 5 years. In August 2024, the company's board approved a sub-division (stock split) of its equity shares. The plan involves subdividing one equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2 each.
Jash Engineering Limited manufactures a wide range of equipment for water intake systems, water and wastewater pumping stations and treatment plants, stormwater pumping stations, and water transmission lines, as well as for industries including power, steel, cement, paper and pulp, petrochemicals, chemicals, fertilizers, and other process plants.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.