Small-Cap Engineering Company Secures Major Order Worth Rs 150 to 350 Crore from HPCL to Establish New Process Plant, Stock Hits Upper Circuit Today!
This Small-Cap engineering company was incorporated in 2010 and specializes in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces.
On August 14, 2024, JNK India secured an “Major” order from Hindustan Petroleum Corporation Limited (HPCL) for the establishment of a new Process Plant - HP TDAE (Treated Distillate Aromatic Extracts) unit. This project will be executed on a Lump Sum Turnkey (LSTK) contract basis at HPCL's Mumbai Refinery.
JNK India classifies its work order as per below:
Today, the shares of JNK India rallied hit the upper circuit, and closed at around Rs 734.90 per share on the BSE. The company’s current market capitalization stands at Rs 4077 crore. Additionally, the shares have delivered a multibagger return of over 15 per cent in the past 3 months.
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As per the Quarterly Results, in the Q1 FY25, JNK India recorded a revenue of Rs 87.99 crore compared to Rs 36.72 crore. The operating profit stood at Rs 9.38 crore. The net profit stood at Rs 6.38 crore compared to a profit of Rs 3.92 crore. Looking at the annual performance, the company generated a revenue of Rs 480 crore in FY24. The operating profit for FY24 was Rs 99 crore with a net profit of Rs 63 crore compared to a net profit of Rs 46 crore in FY23.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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