Rubber Company Bags New Orders Worth Rs 21,00,850.60 From One Existing Client In the Smart Meters Manufacturing Sector
The stock gave multibagger returns of 296 per cent from its 52-week low of Rs 118.80 per share.
Gayatri Rubbers and Chemicals Limited informed that the company has received Work Orders/Letter of Award of Rs 21,00,850.60 (inclusive of taxes) for the supply of the product “Neoprene Rubber Gaskets” to be used in Smart Meters, in the normal course of business from one of its existing client in smart meters manufacturing sector, which is to be executed as per the terms & conditions of Letter of Award (LoA)/work orders within 1 month
Earlier, Gayatri Rubbers and Chemicals Limited secured a significant contract with MSRTC to provide Re-inforced rubberised packing. Additionally, the company has received work orders from Indian Railways valued at Rs 25,94,685.95 for the supply of Rubber Packing. These contracts are part of the company's regular business operations and will be executed by the terms and conditions specified in the respective letters of award or work orders.
Gayatri Rubbers and Chemicals Limited is a prominent player in the rubber industry, specializing in the manufacturing and trading of a diverse range of rubber products. Their product line includes rubber profiles, aluminium rubber profiles, automobile rubber profiles, rubber compounds, various rubber components and clear PVC profiles. The company's expertise lies in the production of high-quality rubber compounds, which are supplied to other manufacturers of rubber products. These rubber products are also distributed to key players in the aluminium sector, such as Banco, Nalco, and Jindal, as well as agents of Motherson Sumi and state transport in the automobile sector.
Gayatri Rubbers and Chemicals Limited's manufacturing facilities are strategically located in Ballabhgarh, spread across three floors, each covering an area of approximately 4500 square feet. The company procures its raw materials and trading goods from various regions across India, including Delhi NCR, Gujarat, Kerala and other parts of the country. This ensures a reliable supply chain and access to high-quality materials. For instance, natural rubber and EPDM rubber are sourced from Kerala, calcium carbonate and chalk powder are obtained from Gujarat and zinc and other goods are procured from Delhi NCR.
On Wednesday, shares of Gayatri Rubbers and Chemicals Limited gained 3 per cent and made a new 52-week high of Rs 470.70 per share from its previous closing of Rs 457 per share. The company has a market cap of Rs 258 crore with a PE of 154x, an ROE of 15 per cent and an ROCE of 23 per cent. The stock gave multibagger returns of 296 per cent from its 52-week low of Rs 118.80 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.