390 per cent return micro-cap multibagger Stock, company secured prestigious order from Indian Oil Corporation

The shares of the company have delivered an impressive return of 171 per cent to its investors in just three months

Jyoti Ltd, a prominent company engaged in manufacturing and marketing electrical and hydraulic engineering equipment, announced through its latest exchange filing that it has secured a new order. The company's Switchgear Division successfully secured a significant order valued at Rs 13.70 crores (excluding GST). This order entails the supply of High Voltage Switchgear Panels at 6.6 KV and 11 KV, along with Busduct, Spares, and a Conditioning Monitoring System. The esteemed client for this project is the Indian Oil Corporation Limited (IOCL), located in Panipat. The order was secured through an E-Tender process on the IOCL Portal, specifically for their P-25 Project. Notably, the order's scope encompasses Site Supervision for the HV Switchboard as well as Training related to the HV Switchboard.

On August 11, Friday, the company's shares opened at Rs 41.11, remaining unchanged from the previous day's closing price of Rs 41.94. Finally, the company's shares concluded the day at Rs 41.11 each on the BSE. The current market capitalization of the company is Rs 70 crore.

Also, check: This company acquired a stake in a foreign company.

Additionally, the company released its results for the June quarter. The company's revenue from operations experienced a 17 per cent YoY increase, rising from Rs 26.35 crore to Rs 30.80 crore. The operating profit of the company increased from Rs 0.44 crore to Rs 1.76 crore, and on a sequential basis, it declined from Rs 5.73 crore to Rs 1.76 crore. The operating profit stood at 6 per cent. Meanwhile, the net profit of the company amounted to Rs 0.43 crore, down from Rs 0.98 crore. The company's return on capital employed (ROCE) is 5.5 per cent.

The stock has the potential to provide multibagger returns in the future. Investors should consider keeping this on their radar.

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