Penny Stock Under Rs 85: Company Bags New Order Worth Rs 313 Lakh From JSW Group

The shares of the company have a PE of 38x, an ROE of 22 per cent and an ROCE of 17 per cent.

Refractory Shapes Ltd announced that the company bagged a new order valued at Rs 313 lakh for the supply and application of refractories at JSW's Dolvi Plant, Bar Mill. This win reinforces the company's established and strong vendor partnership with JSW, further solidifying Refractory Shapes Ltd.'s position in the market.

Refractory Shapes Ltd. (RSL), founded in 1996, specializes in the production and distribution of specialized refractory shapes, custom-made refractory products, and alumina balls. The company boasts an in-house design team that enables it to manufacture refractories according to licensor and client drawings and specific requirements. RSL's product portfolio encompasses a range of refractory solutions, including bricks, castable, coating materials, high alumina catalyst bed supports, and ceramic balls of low and medium purity. These products cater to diverse industrial needs, primarily serving sectors like steel, cement, glass, and petrochemicals.

RSL operates a NABL-approved (ISO:17025) manufacturing facility in Pune, demonstrating its commitment to quality and standards. In addition to the Pune unit, the company has expanded its operations with a larger plant in Wankaner, Gujarat, spanning 10 acres. This expansion reflects RSL's growth and capacity to meet increasing market demands. The company's global reach extends across Asia, the Middle East, Europe, Africa, Australia, and the Americas, highlighting its international presence and market penetration.

The company has a market cap of Rs 183 crore and stock is trading below Rs 85 on NSE. The shares of the company have a PE of 38x, an ROE of 22 per cent and an ROCE of 17 per cent.

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