Rs 1,349.65 crore order book: Mukul Agrawal-backed rail infrastructure company bags new order worth Rs 1,10,84,920 from Indian Railways
The stock gave multibagger returns of 215 per cent in just 1 year and a whopping 1,800 per cent in a decade.
Oriental Rail Infrastructure Limited has been awarded a contract worth Rs 1,10,84,920 by Modern Coach Factory (MCF), Raebareli, Indian Railways, to manufacture and supply 14 sets of seats and berths for LHB AC3T Economy coaches. The delivery of these products is scheduled for November 30, 2024, to MCF's Furnishing Depot. Payment will be made upon receipt, inspection, and acceptance of the material by the consignee at the destination.
Earlier, Oriental Rail Infrastructure Limited secured an order worth Rs 1,79,01,780 from Integral Coach Factory (ICF), Chennai, Indian Railways, to supply and install 13 sets of seats and berths with hardware for LWS PP coaches. The delivery is scheduled for October 27, 2024, to the Furnishing Depot/ICF, Chennai. Payment will be made in two instalments: 90 per cent upon the issuance of an inspection certificate by the nominated agency and proof of dispatch/delivery, and the remaining 10 per cent after the receipt, inspection, and acceptance of the goods.
On Tuesday, shares of Oriental Rail Infrastructure Ltd gained 2.45 per cent to Rs 293 per share from its previous closing of Rs 286 per share. The stock’s 52-week high of Rs 445 per share while its 52-week low is Rs 90.52 per share.
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About the Company
Oriental Rail Infrastructure Ltd (BSE Scrip Code: 531859) is engaged in the manufacturing, buying, and selling of all types of recron, seat & berth and compreg boards and is also engaged in trading timber woods and all its products. The company has a market cap of over Rs 2,400 crore. The company reported positive numbers in its Quarterly Results and annual results. Additionally, Oriental Rail Infrastructure announced that the company along with its subsidiary company (Oriental Foundry Private Ltd) has total orders in hand of approx. Rs 1,349.65 crore.
According to quarterly results, the company reported net sales of Rs 123.06 crore and a net profit of Rs 5.86 crore in Q1FY25 while in its annual results, the company reported net sales of Rs 526 crore and a net profit of Rs 30 crore in FY24.
As of June 2024, an ace investor, Mukul Agrawal owns a 5.53 per cent stake in the company. The stock gave multibagger returns of 215 per cent in just 1 year and a whopping 1,800 per cent in a decade. Investors should keep an eye on this rail infrastructure stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.