Rs 860 Crore Order Book: Smallcap Industrial Equipment Manufacturer Reports Strong June 2024 Bookings; Bags Orders Worth Rs 57,00,00,000!
The company’s shares have delivered an impressive return of over 1500 per cent to its shareholders.
Jash Engineering Limited, a prominent player in the field of manufacturing equipment for various sectors including water intake systems, pumping stations, and treatment plants, has announced significant order bookings for the month of June 2024.
According to the corporate announcement made by the company, Jash Engineering has received consolidated orders worth Rs 57 crore during June 2024. Out of this, orders worth Rs 25 crore are attributed to the Indian market, reflecting robust domestic demand. Meanwhile, international markets have contributed orders worth Rs 32 crore, highlighting the company's global footprint.
Key contributors to the June 2024 order intake include notable clients such as VA Tech Wabag from Chennai, Triveni Engineering & Industries based in Noida, Astra Engineering from Thailand, and Cleveland County Water Crest Gate from the USA.
As of July 1st, 2024, Jash Engineering's consolidated order book stands impressively at Rs 860 crore. This includes orders worth Rs 304 crore from within India and a substantial Rs 556 crore from international markets. Among the international orders, the USA market alone accounts for Rs 357 crore, showcasing a strong presence and growth trajectory in this key region. Additionally, orders worth Rs 20 crore have been secured from Waterfront-UK, in which the company holds an 80 per cent stake, further diversifying its geographical revenue streams.
Looking ahead, the company has negotiated orders worth Rs 21 crore as of July 1st, 2024, with expectations of formal purchase orders to be received in the coming months. These negotiations include Rs 12 crore for the Indian market and Rs 9 crore for projects outside India, demonstrating ongoing business development efforts and prospective revenue additions.
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Jash Engineering Limited continues to consolidate its position as an industry leader in India and a competitive player in global markets, leveraging its comprehensive capabilities in design, casting, fabrication, assembly, and testing to offer a wide range of products in varying sizes. With a strong order pipeline and strategic international partnerships, the company remains well-positioned for sustained growth in the evolving landscape of industrial equipment manufacturing and supply.
Currently, the shares are trading at around Rs 2099.80 per share on the NSE. Additionally, the shares have delivered an impressive multibagger return of 1500 per cent in the past 5 years.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.