Rs 7,10,166 lakh order book: This multibagger railway wagons company receives ARAI approval for the JEM TEZ Production - its battery-operated light commercial vehicles

The stock gave multibagger returns of 360 per cent in 1 year and a whopping 2,900 per cent in 3 years.

Jupiter Electric Mobility Private Limited (JEM), a subsidiary of Jupiter Wagons Limited, has received crucial approval for its electric vehicle (EV) ambitions. The Automotive Research Association of India (ARAI) has granted them the go-ahead to commence commercial production of their JEM TEZ electric vehicle. This marks a significant milestone for JEM as they position themselves to be the frontrunners in the 1-ton commercial EV market in India.

The JEM TEZ boasts impressive features designed to cater to the needs of commercial applications. It stands out with its rapid charging capability, taking only 20 minutes to reach 100% charge at compatible stations, making it one of the fastest-charging commercial EVs available. Additionally, its 127-kilometre certified range ensures efficient operations for daily tasks. JEM prioritizes not only performance but also fleet management. The JEM TEZ comes equipped with Telematics technology, allowing for real-time monitoring of vehicle health and performance. This enables swift diagnosis and maintenance, keeping the JEM TEZ fleet reliable and operational.

About Jupiter Wagons Ltd (JWL)

Jupiter Wagons Ltd (JWL) is a manufacturer focused on metal fabrication, specifically creating load bodies for commercial vehicles (like shipping containers and garbage-bin collectors), rail freight wagons, and various components. This diverse product portfolio caters to a wide range of industries, including mining, road construction, transportation, waste management, city services, and even national defence.

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Talking about the financials, the company has a market cap of over Rs 24,000 crore and has delivered good profit growth of 80.1 per cent CAGR over the last 5 years. In its Quarterly Results (Q4FY24) and annual results (FY24), the company reported amazing numbers. As of March 31, 2023, the company order book stands at Rs 7,10,166 lakh.

In Q4FY24, the company delivered strong financial results. Total income surged 57 per cent year-over-year (YoY) to Rs 1,12,134 lakh. EBITDA followed suit, rising 59 per cent YoY to Rs 14,772 lakh. Profit after tax (PAT) witnessed a significant increase of 156 per cent YoY to Rs 10,422 lakh. The company's financial performance for FY24 was strong, with total income nearly doubling year-over-year to Rs 3,66,224 lakh. Profit after tax (PAT) followed suit, surging 165 per cent to Rs 33,279 lakh.

In April 2024, FIIs increased their stake to 2.28 per cent compared to 1.26 per cent in December 2023. The stock gave multibagger returns of 360 per cent in 1 year and a whopping 2,900 per cent in 3 years. Investors should keep an eye on this railway wagons company’s stock.

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