Rs 2,255.69 Crore Order Book: Rail Infrastructure Company Bags New Order Worth Rs 1,63,54,800 From Indian Railways
Over the last year, the stock has delivered negative returns of 48.78 per cent, while its five-year return remains strong at 190.31 per cent, highlighting its multibagger performance over the long term.
Oriental Rail Infrastructure Ltd has announced that it has secured an order worth Rs. 1,63,54,800 (Rupees One Crore Sixty-Three Lakh Fifty-Four Thousand Eight Hundred) from Integral Coach Factory (ICF), Chennai, a key unit of Indian Railways.
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According to the company’s statement, the order entails the supply and installation of five sets of one coach set of Chair Car Seats for Train Set MC, TC, and MC2 Coaches. The order is classified as a domestic contract, with deliveries scheduled to be made to the Furnishing Depot at ICF Chennai. A crucial aspect of the agreement states that full payment will be received upon receipt, inspection, and acceptance of the materials by the consignee. The order is expected to be executed by May 4, 2025.
The company has confirmed that neither the promoter nor the promoter group has any interest in the awarding entity. Additionally, the transaction does not fall under related party transactions.
This new contract strengthens Oriental Rail Infrastructure Limited's position in the railway supply sector, reinforcing its role in providing quality infrastructure and components for Indian Railways. The disclosure was signed by Hardik Chandra, Company Secretary of Oriental Rail Infrastructure Limited.
Oriental Rail Infrastructure Ltd traded at Rs 143.85 today, reflecting a marginal gain of 0.52 per cent from its previous close of Rs 143.10. The stock touched an intraday high of Rs 146.05, with a trading volume of 2.59 lakh shares. Despite today's slight uptick, the stock remains significantly below its 52-week high of Rs 445, indicating a substantial decline over the past year. The company's market capitalisation stands at Rs 928.68 crore. Over the last year, the stock has delivered negative returns of -48.78 per cent, while its five-year return remains strong at 190.31 per cent, highlighting its multibagger performance over the long term.
About Company
Oriental Rail Infrastructure Ltd is engaged in the manufacturing, buying, and selling of all types of Recron, Seat & Berth, Compreg Boards, and also engaged in trading of timber woods and all its products.
With a market capitalisation of Rs 891 crore and a PE ratio of 31.7x, the company trades at a premium compared to the industry PE of 24.6x. The company has ROCE of 12.3 per cent and ROE of 15.2 per cent. The stock price of the company has given multibagger returns in year 2024.
Investors should keep an eye on this Large-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.