Railway Company Bags New Kavach Order Worth Rs 155,93,09,000 From RailTel Corporation of India Ltd
The company's Price-Earnings (PE) Ratio stands at 145 with an ROE of 40 per cent and an ROCE of 23 per cent.
Quadrant Future Tek Limited bags a new work order worth Rs 155,93,09,000 from RailTel Corporation of India Ltd. This contract includes the delivery and installation and commissioning of the Kavach Indigenous Train Collision Avoidance System across 502.2 RKM, covering 71 railway stations in the East Central Railway. The project is set to be completed within 21 months. The company has confirmed that the promoters or promoter group have no interest in RailTel, and thus the transaction is conducted at arm's length. This development marks a substantial addition to Quadrant's portfolio, enhancing its presence in the railway safety systems sector.
Quadrant Future Tek Ltd was founded in 2015 and has its core business in the manufacturing of specialty cables and the development of advanced train control and signalling systems. The company is certified under ISO 14001:2015, ISO 9001:2015, IRIS, and TS Quality Management Systems, underscoring its commitment to quality and innovation. Quadrant's product offerings include specialty cables for railway rolling stock and the naval industry, solar and EV cables, and comprehensive train control systems like the Kavach project for Indian Railways. The company operates a state-of-the-art Electron Beam Irradiation Centre and has production facilities in Mohali, with engineering centers in Bangalore and Hyderabad.
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In FY24, the revenue was primarily driven by wires and cables for railways, contributing 77 per cent, and defense applications at 22 per cent. Quadrant recently raised Rs 290 crore through an IPO, which was listed on January 14, 2025, to support its growth initiatives. The 52-week high is Rs 716.4, and the 52-week low is Rs 427.65. Quadrant Future Tek Limited has a market capitalization of over Rs 2,100 crore. The company's Price-Earnings (PE) Ratio stands at 145 with an ROE of 40 per cent and an ROCE of 23 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.