Multibagger stock in news: This micro-cap company receives orders worth Rs 124.58 crore!

The cumulative order book as of date is at Rs 329.60 crore (including GST).

Ahlada Engineers Limited has secured orders from Andhra Pradesh Education & Welfare Infrastructure Development Corporation (APEWIDC). The scope of the contracts includes the supply and installation of steel windows, green chalkboards and powder-coated galvanized steel doors (frames with shutters) for 8 districts of Government Schools in the state of Andhra Pradesh. The orders are worth Rs 124.58 crore (including GST).  

With the above, the cumulative order book as of date is at Rs 329.60 crore (including GST) including the previous orders of Rs 205.02 crore (including GST). These contracts/orders are in addition to the existing business with reputed organizations, dealers & distributors. All these orders are expected to be completed during the current financial year. 

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Ahlada Engineers Ltd is engaged in manufacturing and supply of steel doors and windows for industrial, commercial and residential applications.  

Talking about the financials, this company has a market cap of Rs 149 crore with a 3-year CAGR of 35 per cent. The company has been maintaining a healthy dividend payout of 17.60 per cent. Additionally, the company has reported positive Quarterly Results and annual results and decreased the debt of the company to Rs 22.60 crore which is just 15.59 per cent of its market cap.  

On Friday, shares of Ahlada Engineers plunged 0.43 per cent to Rs 114.95 per share with an intraday high of Rs 127.80 and an intraday low of Rs 111.40.  

The stock gave multibagger returns of 174.84 per cent in just 3 years. Investors should keep an eye on this micro-cap stock.