Rs 600 Crore Order Book: Mukul Agrawal’s Portfolio Company Bags New Order Worth Rs 116.15 Crore From GAIL India Ltd
The stock gave multibagger returns of 1,400 per cent in just 5 year whereas the BSE Small-cap Index is up by 390 per cent.
Surya Roshni Limited has announced a significant order valued at Rs 116.15 crore, including GST, from GAIL India Limited. This order involves the supply of HFW 355.60 X 8.7 & 10.3 WT, GR X-70 PSL-2, coated pipes to be delivered across Madhya Pradesh and Uttar Pradesh. The contract is set to be executed within 39 weeks and is a domestic order from a public sector undertaking. Surya Roshni, a leader in the steel pipes and lighting segments, continues to strengthen its position in the domestic market with this new order. The company has no related party transactions involved in this contract, ensuring transparency and compliance with SEBI regulations. This development aligns with Surya Roshni's strategic focus on expanding its product offerings and market reach.
Surya Roshni Limited, established in 1973, is a prominent player in India's manufacturing sector, particularly known for being the largest exporter of ERW Pipes and the largest producer of GI Pipes. The company operates primarily in two segments: Steel Pipes & Strips, which contributes approximately 80 per cent of its revenue, and Lighting & Consumer Durables, accounting for the remaining 20 per cent. Surya Roshni has a robust presence in both domestic and international markets, with a significant share in the Gulf Cooperation Council countries.
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The company is actively expanding its manufacturing capacity, with new facilities planned in Bahadurgarh, Gwalior, and Hindupur. It has also made strides in product innovation, launching new consumer durable products and enhancing its LED lighting offerings. Surya Roshni's strategic focus on high-margin products like API & Spiral Pipes and LED lighting has contributed to its growth. The company has successfully reduced its debt, becoming nearly debt-free by FY24, and has undertaken a share split to enhance liquidity.
The company has a market cap of over Rs 5,500 crore and has delivered good profit growth of 25.4 per cent CAGR over the last 5 years. As of December 2024, the company has an order book of Rs 600 crore and an ace investor, Mukul Agrawal, owns a 1.01 per cent stake in the company as of December 2024. The stock gave multibagger returns of 1,400 per cent in just 5 year whereas the BSE Small-cap Index is up by 390 per cent. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.