Rs 829 crore order book: This multibagger small-cap company secures orders worth Rs 112 crore; reports a 38 per cent jump in net sales!

Shares of the company have gained more than 60 per cent in the last six months.

Jash Engineering Limited has reported results for the first quarter ended June 30, 2023 (Q1FY24). The company posted robust Quarterly Results. The revenue of the company stood at Rs 64.22 crore which grew by 38.24 per cent YoY. The operating profit of the company stood at Rs 0.89 crore, while the PAT of the company stood at a loss of Rs 37.34 crore.

Earlier, Jash Engineering Limited informed that it has secured new orders of Rs 112 crores, out of which orders worth Rs 17 crore are for the Indian market and orders worth Rs 95 crore are for markets outside India.

The order booking for the month of July 2023 was from Tata Projects - Hyderabad, Shapoorji Pallonji & Co. – Mumbai and NCC Ltd. – Hyderabad from India, and Shockoe Richmond, VA – USA from the international market.

As of August 01, 2023, the total consolidated order book position of the company is Rs. 829 crores out of which orders worth Rs 238 crores are for the Indian market and orders worth Rs 591 crore are for markets outside India.

Jash Engineering Limited is manufacturing a wide range of equipment for Water Intake Systems, Water and Waste Water Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemicals, Fertilizers, and other process plants.

In the last one year, the shares of the company have given more than 90 per cent returns and in the last three years, the stock gained about 700 per cent returns.

Investors should keep a close eye on this stock.

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