Micro-cap stock below Rs 100 reports highest-ever export order in history; net profit jumps over 200 per cent!

Generating commendable returns of nearly 51 per cent over the course of the past year

In the recent days, a cascade of earnings reports has inundated the financial landscape, capturing the attention of market observers and enthusiasts alike. Amid this deluge of corporate performances, one company has emerged as a standout not only due to its robust earnings figures but also its compelling order book – Rajoo Engineers Ltd.

Established with humble beginnings in 1986, Rajoo Engineers Ltd. has grown into an undisputed global powerhouse in the realm of blown film and sheet extrusion lines. The company's unswerving dedication to perfecting blown film and sheet extrusion lines, alongside their prowess in Thermoformers, has firmly established them in a premium position within this specialized segment. What began as a modest foray into international markets in 1990 has now evolved into a thriving enterprise with a presence in numerous countries and clientele spanning over 70 nations.

In the first quarter of the fiscal year 2024, Rajoo Engineers Ltd. recorded a remarkable upswing in its sales, witnessing a substantial year-on-year surge of 73 per cent, totaling Rs 31.21 crore. The company's net profit also experienced an extraordinary leap, rocketing up by an impressive 228 per cent to reach Rs 2.46 crore. While these exceptional earnings figures may already leave you astounded, the real astonishment lies in an even more remarkable revelation – its extraordinary order book.

During the initial half of the year 2023, the company triumphantly secured new orders amounting to a staggering Rs 137.20 crore. Of this monumental sum, the company achieved an unprecedented export order booking totaling Rs 106.51 crore, marking an all-time high in the company's history for export order booking in any given calendar year. The momentum continued as the company's pending order book as of July 31, 2023, reached an impressive Rs 190 crore, inclusive of pending Export Orders valuing at Rs 95 crore.

Trading with a market capitalization of Rs 331 crore, Rajoo Engineers Ltd. falls under the category of a micro-cap enterprise. A glance at its recent performance reveals that its stock has proven to be a rewarding investment, generating commendable returns of nearly 51 per cent over the course of the past year.