Ashish Kacholia bought 3,16,800 shares of this high ROE & high ROCE stock: This micro-cap company bags order worth Rs 24,45,00,000 from Rungta Mines Ltd

The shares of the company have an ROE of 32 per cent and an ROCE of 30 per cent.

Megatherm Induction Limited informed that the company has received a bulk order from a new client, Rungta Mines Limited. The order includes supply, erection and commissioning of capital goods worth Rs 24,45,00,000 and will be completed within 6 months.

Established in 2010, Megatherm Induction Limited specializes in crafting induction heating and melting solutions like furnaces and equipment, while also encompassing broader steelwork machinery like transformers, furnaces, casting machines, and fume systems, even extending to electric arc furnaces for specific steel industries.

The company has a market cap of over Rs 600 crore. According to half-yearly results, the company reported net sales of Rs 147 crore, operating profit of Rs 14 crore and net profit of Rs 8 crore in H1FY24. In its annual results, the net sales increased by 41.5 per cent to Rs 266 crore, operating profit increased by 211.1 per cent to Rs 28 crore and net profit increased by 1,300 per cent to Rs 14 crore in FY23 over FY22.

The stock was listed on NSE, under the SME segment with a lot size of 1,200 shares. An ace investor, Ashish Kacholia bought 3,16,800 shares of this company on February 08, 2024, at Rs 225 per share via a bulk deal aggregating to Rs 71,28,00,000.

Today, the shares of Megatherm Induction Ltd gained 13.87 per cent and made a fresh 52-week high of Rs 373.95 per share from its previous closing of Rs 328.40. At the closing bell, shares of the company were trading at Rs 344 per share, up 4.75 per cent with a total of 4,28,400 shares quantity traded. The shares of the company have an ROE of 32 per cent and an ROCE of 30 per cent. The stock is up by 91.77 per cent from its 52-week low of Rs 195 per share. Investors should keep an eye on this stock.

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

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1 comments on article "Ashish Kacholia bought 3,16,800 shares of this high ROE & high ROCE stock: This micro-cap company bags order worth Rs 24,45,00,000 from Rungta Mines Ltd"

Yashpal khariwal

Multibagger stocks with it's fundamental and new orders

2/27/2024 8:10 AM

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