Multibagger from its 52-week low: This micro-cap company bags new order worth Rs 13,80,925 from Master Nidavellir Aeromed Pvt Ltd
The stock gave multibagger returns of 130 per cent from its 52-week low of Rs 130 per share.
Master Components Limited announced that it has been awarded a contract by Master Nidavellir Aeromed Private Limited, an Indian company, for the production of a patented product for precast construction. The contract is valued at approximately Rs 13,80,925 (excluding tax). The order will be executed by the end of October 2024, with payment terms of 45 days credit from the date of goods received. It is important to note that Master Nidavellir Aeromed Private Limited is an associated concern of Master Components Limited, sharing common directors and shareholders. However, the transaction is being conducted at an arm's length price.
Earlier, Master Components Limited announced that it had placed an order with Master Moulds Private Limited, a Group company with shared directors and shareholders, for the purchase of injection moulds. The order, valued at approximately Rs 1,30,40,000/- (excluding tax), is intended to support upcoming projects and business expansion. The payment terms for the order are 30 per cent advance against the purchase order and 70 per cent upon sample approval. The injection moulds will be delivered by November 2024. While this transaction involves related parties, it is being conducted at an arm's length price.
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Master Components Limited is a manufacturing company established in 1999 that specializes in creating plastic engineering components and sub-assemblies. The company's core business involves transforming materials into new products through various moulding techniques. Their production facilities, located in Nashik, India, are equipped to handle a wide range of component sizes, catering to the diverse needs of the electrical, medical, industrial, and automotive sectors. Renowned companies such as Siemens, Schneider Electric, and Atlas Copco are among their clientele.
The company has a market cap of Rs 119.68 crore. The stock gave multibagger returns of 130 per cent from its 52-week low of Rs 130 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.