This micro-cap company receives order worth Rs 8.40 crore from overseas customer!

The stock is up by 9 per cent in 1 month and over 25 per cent in 3 months.

Mahindra EPC Irrigation Ltd (MEIL) is part of the Mahindra Group of companies informed that the company has been awarded a contract from an overseas customer. The order includes the supply of micro irrigation systems. The order is worth Rs 8.40 crore and will be completed within 3 months from the letter of intent (LOI).

Mahindra EPC Irrigation Ltd is engaged in the business of manufacturing and selling Irrigation systems. The solutions provided by the company through micro-irrigation systems help in sustainable agriculture.

Talking about the finances, MEIL has a market cap of Rs 343 crore. The net sales stood at Rs 53.25 crore, up 12.53 per cent in Q1FY24 compared to Q1FY23. The company reported a net loss of Rs 0.81 crore in Q1FY24 compared to a net loss of Rs 6.41 crore in Q1FY23.

According to the shareholding pattern, the promotors of the company (Mahindra & Mahindra Ltd) own a 54.26 per cent stake, FIIs own 0.13 per cent and the rest 43.61 per cent stake is owned by the general public.

On Wednesday, shares of MEIL plunged 2.08 per cent to Rs 122.60 per share with an intraday high of Rs 126.90 and an intraday low of Rs 122. The stock’s 52-week high is Rs 131.85 and its 52-week low is Rs 83.86.

The stock is up by 9 per cent in 1 month and over 25 per cent in 3 months. Investors should keep an eye on this micro-cap stock.

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