600 per cent returns & Rs 840 crore order book: This multibagger engineering company bags new orders worth Rs 54 crore from Kalpataru Power Transmission Ltd and others!
The stock gave multibagger returns of over 600 per cent in just 3 years.
Jash Engineering Ltd. experienced a strong month in November 2023, securing consolidated orders valued at Rs 54 crore. This impressive total comprised orders worth Rs 34 crore from the Indian market and Rs 20 crore from international markets. Notably, Kalpataru Power Transmission Ltd. (Noida) and Suez India Ltd. (Gurugram) contributed significantly to the Indian order booking, while NYCDDC Recon. of Tide gate bridge (USA) and Storm Sewer Improvements Camp Funston, KS (USA) played a key role in international success. This diverse portfolio of projects underscores Jash Engineering's strong presence and growing reputation in both domestic and international markets.
As of December 1st, 2023, Jash Engineering Ltd. boasts a robust consolidated order book of Rs 870 crore, demonstrating strong demand for their products and services. This impressive figure comprises orders worth Rs 259 crore for the Indian market and a significant Rs 611 crore for international markets. Notably, the US market is a particularly strong contributor, accounting for Rs 396 crore of international orders.
Additionally, the company has negotiated a further Rs 11 crore of orders with clients, awaiting formal purchase orders. These pending orders, split between Rs 8 crore for India and Rs 3 crore for international projects, further bolster the company's future prospects.
Jash Engineering manufactures equipment for water, wastewater, desalination, stormwater, hydropower, power, steel, cement, paper, petrochemicals, chemicals, fertilizers, and other process plants. According to the financials, Jash Engineering has a market cap of Rs 1,790 crore. The company reported positive numbers in its Quarterly Results and annual results.
On Monday, shares of Jash Engineering plunged 0.14 per cent to Rs 1,486.6 with an intraday high of Rs 1,540 per share and an intraday low of Rs 1,472.6. The company also made a new 52-week high of Rs 1,540 per share. The stock gave multibagger returns of over 600 per cent in just 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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