Lower Circuit Alert & Rs 1,349.65 Crore Order Book: Rail Infrastructure Company Bags New Order Worth Rs 1,07,17,947.73 From Indian Railways
The stock gave multibagger returns of 285 per cent in just 2 years and a whopping 16,290 per cent since its listing in 2005.
On Monday, shares of Oriental Rail Infrastructure Ltd plunged 5 per cent to Rs 237.65 per share from its previous closing of Rs 250.15 per share. The stock’s 52-week high of Rs 445 per share while its 52-week low is Rs 218 per share.
Oriental Rail Infrastructure Limited has informed us that they have secured an order worth Rs. 1,07,17,947.73 from 'Modern Coach Factory (MCF), Raebareli, Indian Railways'. This domestic order involves the manufacturing and supplying of 25 sets of 'Seats and Berths' for LHB SLR HOG coaches and 5 sets of 'Seats and Berths' suitable with SS pillars for LHB AC2T coaches. Delivery is to be made to MCF Furnishing Depot, with 100 per cent payment to be received upon receipt, inspection, and acceptance of the material by the consignee at the destination. The order is to be executed by July 31, 2025.
Earlier, the company secured an order worth Rs 5,87,21,520 from Integral Coach Factory (ICF), Chennai, a domestic entity. The order entails the supply and installation of 44 sets of Seats and Berths with hardware for the LWS PP Coach. Delivery is to be made to Furnishing Depot/ICF, Chennai. Payment terms stipulate 90% upon inspection certificate issuance and proof of dispatch/delivery, and the remaining 10 per cent after goods receipt, inspection, and acceptance. The order is to be executed by February 22, 2025.
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About the Company
Oriental Rail Infrastructure Ltd (BSE Scrip Code: 531859) is engaged in the manufacturing, buying, and selling of all types of recron, seat & berth and compreg boards and is also engaged in trading timber woods and all its products. The company has a market cap of over Rs 2,000 crore. The company reported positive numbers in its Quarterly Results and annual results. Additionally, Oriental Rail Infrastructure announced that the company along with its subsidiary company (Oriental Foundry Private Ltd) has total orders in hand of approx. Rs 1,349.65 crore.
According to quarterly results, the company reported net sales of Rs 186 crore and a net profit of Rs 10 crore in Q2FY25 while in its annual results, the company reported net sales of Rs 526 crore and a net profit of Rs 30 crore in FY24.
As of December 2024, an ace investor, Mukul Agrawal owns a 5.27 per cent stake in the company. The stock gave multibagger returns of 285 per cent in just 2 years and a whopping 16,290 per cent since its listing in 2005. Investors should keep an eye on this rail infrastructure stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.