This Small-cap Company Bags Back-to-Back Orders Worth Rs 24,31,00,000 from Haryana Bijli Vitran Nigam and Punjab State Power Corporation!

The company’s shares have delivered an impressive return of over 160 per cent to its shareholders.

Incorporated in 2014, V-Marc India Ltd manufactures PVC insulated wires and cables. The company manufactures various types of wires and cables in single and multi-core configurations with copper or aluminium conductors, possessing properties such as FR, HRFR, FRLS, HFFR, etc.

The company has received a purchase order amounting to Rs 14.35 crores for the supply of HT cables from Dakshin Haryana Bijli Vitran Nigam Limited (DHBVN). Additionally, it has received another order from Punjab State Power Corporation for the supply of a Three Core HT XLPE Screened Armoured Cable, size 3Cx150 sq. mm., valued at Rs 9.96 crores.

Read Small-cap Industrial Pump Manufacturer Bags 12 Orders Worth Rs 14,40,00,000 for Supply of Progressive Cavity Pumps to Biogas Plants; Must Watch

Share Performance:

On Friday the shares of V-Marc India Ltd closed the day at Rs 173.80 per share. The company’s current market capitalization stands at Rs 396.02 crore. The stock has delivered a multibagger return of over 376 per cent in the past 2 years.

Financial performance:

According to the Quarterly Results, in Q4 FY24, V-Marc India Ltd reported a revenue of Rs 390 crore and an operating profit of Rs 48 crore. The operating profit margin for the quarter stands at 12 per cent. The company’s net profit stood at Rs 21 crore. In FY24, the company reported a revenue of Rs 565 crore compared to Rs 245 crore and a net profit of Rs 27 crore, compared to a profit of Rs 10 crore in the previous year.

According to the shareholding pattern, the company's promoters own 69.96 per cent, and 30.04 per cent is held by public investors.

Investors must keep this Small-Cap stock on their radar.

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