Rubber Manufacturer Bags New Orders Worth Rs 55,10,974.84 From Smart Meter Companies and Indian Railways
The stock gave multibagger returns of 134 per cent from its 52-week low of Rs 190 per share.
Gayatri Rubbers and Chemicals Limited has received new work orders worth Rs 55,10,974.84 (inclusive of taxes) from Smart Meter Companies and Indian Railways for the supply of the product “Rubber Profiles Gasket”.
Earlier, the company bagged work orders worth Rs 34,82,667.23 (inclusive of taxes) from Smart Meter, Industrial Sector Companies for the supply of the product “Neoprene rubber gasket”.
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 producing 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.
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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.
The company has a market cap of over Rs 250 crore with a PE of 115x, an ROE of 15 per cent and an ROCE of 22 per cent. The stock gave multibagger returns of 134 per cent from its 52-week low of Rs 190 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.