This Multibagger Micro-cap Stock Secures Three Orders Worth Rs 9.11 Crore; Stock Price Locked in the 5 Per cent Upper Circuit!
The stock price of the company has given 1,990 per cent returns in last 5 years.
On Wednesday, Focus Lighting and Fixtures Limited announced securing three significant orders totaling Rs 9,11,35,157 (excluding GST) from domestic clients, reinforcing its presence in the lighting solutions sector. Due to this development, shares of the company are locked in the 5 per cent upper circuit.
The company has received an order worth Rs 1,27,26,765 from Marwadi Educare Foundation for the manufacture, supply, and delivery of indoor and outdoor lighting fixtures. The contract, categorized as a residential project, is scheduled for completion within six months.
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In another development, Focus Lighting has secured a commercial contract worth Rs 5,71,21,074.93 from Avid AV Technologies Private Limited. The order, which involves the supply of lighting fixtures, is set to be completed within a year. The company clarified that no promoter or group company interest is involved in this transaction.
Additionally, the company has bagged an order worth Rs 2,12,87,318 from Lightalive Solutions Private Limited for the supply of lighting and fixtures. The execution of this contract is expected to span the next two years, further strengthening Focus Lighting’s business operations.
These new contracts highlight the company’s growing footprint in the industry and its continued expansion in the domestic market. Incorporated in 2005, Focus Lighting & Fixtures Limited is engaged in manufacturing and trading of innovative LED lights and fixtures.
With a PE ratio of 23.7x, the company trades at a discount compared to the industry PE of 50.3. The company has ROCE of 39.2 per cent and ROE of 355 per cent. The stock price of the company has given 1,990 per cent returns in last 5 years.
The company’s current price stands at Rs 85.72, with a market capitalization of Rs 576 crore.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.