Ashish Kacholia-Backed Defence Company Secures Rs 88.41 Crore Order from Ministry of Defence – Cumulative Order Wins for FY25 Stand at Rs 288 Crore, 2.72 Times Last Year’s Total Revenue!
The company’s shares have delivered an impressive multibagger returns of over 680 per cent in just 2 years.
This Small-Cap defence company has successfully secured a landmark order from the Ministry of Defence (MoD) for the supply of special weld consumables designated for a highly critical platform. This significant order, valued at Rs 88.41 crore (inclusive of taxes), follows the successful completion of a rigorous trial order, demonstrating KDAIL's capability to meet the stringent requirements of high-stakes defence applications.
As per management, with this major order, the cumulative order wins for FY 2024-25 now stand at a remarkable Rs 288 crores, equating to 2.72 times last year’s total revenue.
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Incorporated in 1996, Krishna Defence and Allied Industries Limited 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.
Currently, the company’s shares are trading at Rs 706.05 per share on the NSE. The current market capitalization of Krishna Defence and Allied Industries Ltd stands at Rs 992.64 crore, and the stock has generated an impressive multibagger return of around 140 per cent in just 1 year.
The company doesn’t announce Quarterly Results and 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. 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.
Disclaimer: The article is for informational purposes only and not investment advice.