Mukul Agrawal-backed Multibagger Railway Company Bags Order Worth Rs 1,42,95,936 – FIIs Increase Stake in Q1 FY25!
The company’s shares have delivered a multibagger return of over 270 per cent to its shareholders in just 1 year.
This Small-Cap company has secured an order valued at Rs 1,42,95,936 (Rupees One Crore Forty-Two Lakh Ninety-Five Thousand Nine Hundred Thirty-Six) from the Integral Coach Factory (ICF), Chennai, part of Indian Railways. The delivery is scheduled for the Furnishing Depot at ICF, Chennai. As per the contract terms, 90 per cent of the payment will be made upon submission of the Inspection Certificate, issued by the designated inspection agency, along with proof of dispatch or delivery. The remaining 10 per cent will be paid after the goods have been received, inspected, and accepted. The contract is to be executed by October 13, 2024.
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.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Today, the company's shares are trading at around Rs 298 per share on the BSE. The current market capitalization of Oriental Rail Infrastructure Ltd stands at Rs 1835.78 crore, and the stock has generated an impressive multibagger return of around 270 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.
Disclaimer: The article is for informational purposes only and not investment advice.