Multibagger Railway Wagon Company Bags Order Worth Rs 127.44 Crore – Stock Gains Over 600 Per cent in Just 1 Year & FIIs Bought 6.54 Per cent Stake in March 2024!

The company’s shares have delivered an impressive multibagger return of over 600 per cent in just 1 year.

This Small-Cap company manufactures railway components, sheet piles, and structures. Its product range includes cold-rolled stainless sections, fabricated items for railways, wagons, coaches, infrastructure companies, EPC projects, and products for roadways and highways.

N.S. Engineering Projects Private Ltd, a 2015 subsidiary of Cosmic CRF Ltd, has secured an order worth Rs 12,744.00 lakhs (inclusive of GST) or Rs 127.44 crore for the supply of Cold-Formed Steel Sheet Piles. The order is expected to be completed within 12 months.

Currently, the shares of Cosmic CRF Ltd rallied over 2 per cent and are trading at around Rs 1760 per share on the BSE. The company’s current market capitalization stands at Rs 1442.85 crore. Additionally, the shares have delivered an impressive multibagger return of over 650 per cent in the past 1 year.

The company doesn’t declare Quarterly Results, as per the half-yearly results in March FY24, Cosmic CRF Ltd recorded a revenue of Rs 130 crore compared to Rs 109 crore. The operating profit stood at Rs 11 crore. The net profit stood at Rs 6 crore compared to a profit of Rs 6 crore. Looking at the annual performance, the company generated a revenue of Rs 253 crore in FY24. The operating profit for FY24 was Rs 22 crore with an operating profit margin of 9 per cent and a net profit of Rs 13 crore.

According to the shareholding pattern of the company, the promoters hold a significant 61.25 per cent stake while FIIs bought a significant 6.54 per cent stake in March Quarter of FY24. Public investors own a 32.21 per cent stake in the company.

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Investors must keep this stock on their radar.

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