5:1 Stock Split: Small-cap Water Engineering Company Secures Orders Worth Rs 45 Crore, Order Book Reaches Rs 873 Crore – Stock Gains Nearly 1,800 Per cent!
The company’s shares have delivered an impressive multibagger return of over 1,800 per cent in the past 5 years.
Jash Engineering Ltd manufactures a diverse 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 the power, steel, cement, paper & pulp, petrochemicals, chemical, fertilizer, and other processing industries.
In October 2024, the company received consolidated orders worth Rs 45 crore, with Rs 19 crore from the Indian market and Rs 26 crore from international markets. Key contributors to the October orders include Indian clients such as Girdhari Lal (Panchkula), Khiladi Infra (Mumbai), and Enviro Infra Engg. (Delhi), along with international clients including Analogue Technical (Hong Kong), Leonard WTP, Phase 2, TX (USA), and Greeley WTRF Upgrades, CO (USA).
As of November 1, 2024, Jash Engineering's total consolidated order book stands at Rs 873 crore, with Rs 322 crore from the Indian market and Rs 551 crore from international markets. Of the international orders, Rs 310 crore are from the USA, Rs 21 crore from Waterfront-UK (a company in which Jash Engineering holds an 80 per cent stake), and the remaining Rs 220 crore from other global markets.
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Additionally, as of November 1, 2024, consolidated orders worth Rs 27 crore are under negotiation, with formal purchase orders expected soon. This includes Rs 15 crore for the Indian market and Rs 12 crore for international projects. Negotiated orders may take up to two months to convert into formal purchase orders, after which they are moved from the “negotiated orders” list to the confirmed monthly order intake and added to the company’s total outstanding consolidated order book.
In August 2024, the company's board approved a bonus-stock-split ">stock split of its equity shares. The company announced that each equity share with a face value of Rs 10 will be split into 5 shares, each with a face value of Rs 2.
Today, the shares of this Small-Cap company closed at around Rs 477.40 per share on the NSE. The company’s current market capitalization stands at Rs 2,986.74 crore. Additionally, the shares have delivered an impressive multibagger return of over 1,800 per cent in the past 5 years.
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.
Disclaimer: The article is for informational purposes only and not investment advice.