Ashish Kacholia-Backed Multibagger Heavy Engineering Stock In Green After Bagging Order Worth Rs 44,94,30,000 From Fluorine Korea Co. Ltd
The stock is up by 59 per cent from its 52-week low of Rs 173 per share and gave multibagger returns of 430 per cent in 3 years.
Walchandnagar Industries Ltd has received a significant Purchase Order from Fluorine Korea Co. Ltd. for the manufacture and supply of an HF Reactor for the FK Fischer Project. This international order, valued at approximately USD 52,75,000 (approximately Rs. 44,94,30,000), was executed on December 24, 2024. The delivery of the HF Reactor is expected to be completed by October 2025.
Walchandnagar Industries Ltd is a heavy engineering and project execution company and has diversified business offerings across core sectors with a focus on EPC / turnkey projects, Hi-Tech manufacturing, engineering products and engineering services. The company is a Small-Cap with a market cap of Rs 1,450 crore.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
According to the Quarterly Results (Q2FY25), the company reported net sales of Rs 68 crore, an operating loss of Rs 6 crore and a net loss of Rs 11 crore. In FY24, the company reported net sales of Rs 302.35 crore, an operating profit of Rs 22.28 crore and a net loss of Rs 41.83 crore. As of September 2024, two ace investors, Ashish Kacholia owns a 3.17 per cent stake and Ajay Upadhyaya owns a 1.08 per cent stake in the company.
On Thursday, shares of Walchandnagar Industries Ltd gained 5.70 per cent to Rs 274.95 per share from its previous closing of Rs 260.15 per share. The stock’s 52-week high is Rs 438 per share and its 52-week low is Rs 173 per share. The stock is up by 59 per cent from its 52-week low of Rs 173 per share and gave multibagger returns of 430 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice