Railway Component Manufacturer Secures 3 Orders Worth Rs 23,80,34,000 from Wagon Manufacturing Industry: Stock Gains Over 230 per cent in Just 6 Months

Rakesh Deshmukh
Railway Component Manufacturer Secures 3 Orders Worth Rs 23,80,34,000 from Wagon Manufacturing Industry: Stock Gains Over 230 per cent in Just 6 Months

The shares of the company have delivered a return of around 232 per cent to its shareholders in just 6 months.

This Small-Cap company is engaged in the manufacturing of railway components, sheet piles, and structures. The company has announced the receipt of 3 orders valued at approximately Rs 23,80,34,000. The orders are received from the Wagon Manufacturing Industry for the supply of 400 sets of CRF Sections-BOXNS Wagons, CRF Section for BOSM Wagon-300 Sets, and CRF Section for BOXNHL Wagons-61 Sets. The project is to be executed within 6 months.

Share Performance:

On Tuesday, the share of Cosmic CRF opened at around Rs 1250 per share, with a market capitalization of Rs 1042.79 crore. The stock has delivered a multibagger return of around 232 per cent in just 6 months.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 130 crore and an operating profit of Rs 11 crore. The operating profit margin for the quarter stands at 8 per cent. The company’s net profit stood at Rs 6 crore. In FY24, the company reported a revenue of Rs 253 crore compared to Rs 121 crore and a net profit of Rs 13 crore, compared to a profit of Rs 6 crore in the previous year.

Regarding the shareholding pattern, the promoters own 61.25 per cent of the company, FIIs hold 6.54 per cent while Public or retail investors hold the remaining 32.21 per cent.

Investors must keep this small-cap stock on their radar.

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

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