Mukul Agrawal-backed Multibagger Railway Company Bags Multiple Orders Worth Rs 2,89,86,700 – FIIs Increased Stake in Q1 FY25!
The company’s shares have delivered a multibagger return of over 210 per cent to its shareholders in just 1 year.
This Small-Cap railway infra company has secured an order valued at Rs 1,79,01,780 (Rupees One Crore Seventy-Nine Lakh One Thousand Seven Hundred Eighty) from the Integral Coach Factory (ICF), Chennai, under Indian Railways. The delivery will be made to the Furnishing Depot/ICF, Chennai. As per the contract, 90 per cent of the payment will be received upon submission of the inspection certificate from the nominated inspection agency and proof of dispatch/delivery of the materials. The remaining 10 per cent will be paid after the goods are received, inspected, and accepted. The order is set to be executed by October 27, 2024.
Furthermore, on the same day, the company bagged another work order valued at Rs 1,10,84,920 (Rupees One Crore Ten Lakh Eighty-Four Thousand Nine Hundred Twenty) from Modern Coach Factory (MCF), Raebareli, under Indian Railways. The delivery will be made to MCF's Furnishing Depot. As per the contract terms, 100 per cent of the payment will be made upon receipt, inspection, and acceptance of the materials by the consignee at the destination. The order is scheduled to be executed by November 30, 2024.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Oriental Rail Infrastructure Ltd is involved in the manufacturing, purchasing, and selling various products, including Recron, seats and berths, and Compreg boards. The company is also engaged in the trading of timber wood and its related products.
On Tuesday, the company's shares closed at around Rs 280.50 per share on the BSE. The current market capitalization of Oriental Rail Infrastructure Ltd stands at Rs 1690.12 crore, and the stock has generated an impressive multibagger return of around 210 per cent in just 1 year.
As per the Quarterly Results, in the Q1 FY25, Oriental Rail Infrastructure Ltd recorded a revenue of Rs 123.06 crore compared to Rs 92.81 crore. The operating profit stood at Rs 13.94 crore. The net profit stood at Rs 5.86 crore compared to a profit of Rs 5.44 crore. Looking at the annual performance, the company generated a revenue of Rs 526 crore in FY24. The operating profit for FY24 was Rs 670 crore with a net profit of Rs 30 crore compared to a net profit of Rs 3 crore in FY23.
According to the shareholding pattern of the company, the promoters hold a significant 54.81 per cent stake. Public investors own 44.86 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 0.33 per cent in the company which was earlier 0.02 per cent. Ace Investor Mukul Agrawal holds a 5.53 per cent stake.
Check out my recent article here.
Investors must keep this small-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.