Ashish Kacholia-Backed Defence Company Secures Order Worth Rs 104 Crore from Larsen & Toubro – Stock Hits Upper Circuit Today!
The company’s shares have delivered an impressive multibagger returns of over 550 per cent in just 2 years.
Incorporated in 1996, Krishna Defence and Allied Industries Ltd develops, manufactures, and designs Defence Application Products, Kitchen, and Dairy Equipment Products. The company has two manufacturing plants located in Gujarat, in Kalol and Halol districts near Vadodara. Today the company saw a significant spike in both the share price and volumes in today.
The company has secured a significant order for the supply of Special Steel Products for a critical platform from Larsen & Toubro Ltd for Special Steel Products. This order is valued at approximately Rs 104 crore (exclusive of taxes).
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Today, the shares of the company hit the upper circuit and currently trading at Rs 745 per share on the NSE. The current market capitalization of Krishna Defence and Allied Industries Ltd stands at Rs 1047 crore, and the stock has generated an impressive multibagger return of around 160 per cent in just 1 year.
Read Defence Company Secures Order Worth Rs 50.01 Crore and Signs MoU with Leading Defence Infra Companies Like Larsen & Toubro – Stock Hits Upper Circuit Today!
As per the Half yearly, in March 2024, Krishna Defence and Allied Industries Ltd recorded a revenue of Rs 71 crore. The operating profit for the period stood at Rs 11 crore. The net profit stood at Rs 7 crore. The company does not announce Quarterly Results. Looking at the annual performance, the company generated a revenue of Rs 106 crore in FY24, compared to Rs 63 crore in FY23. The operating profit for FY24 was Rs 15 crore, with a net profit of Rs 10 crore.
Regarding the shareholding pattern, the promoters own 62.27 per cent of the company and the public or retail investors hold 37.73 per cent. Ashish Kacholia owns a 2.99 per cent stake in the company.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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