Valves Manufacturer Bags Order Worth Rs 12.50 Crore From A Prominent International Client
The stock is up by 45.3 per cent from its 52-week low of Rs 289.10 per share.
Meson Valves India Limited, a Mumbai-based valve specialist known for its comprehensive range of product services, announced a significant international order valued at approximately Rs 12.50 crore (USD 1.46 million). This substantial contract from a prominent overseas client involves the supply of cutting-edge, high-performance critical valves. The acquisition of this order highlights Meson Valves India's strong engineering capabilities and the reliability of its products in the global market.
This achievement not only solidifies Meson Valves India's standing as a key global player in the valve manufacturing and distribution sector but also propels its international expansion efforts. The company's reputation for delivering precision, durability, and innovation across critical industries continues to drive its growth in international markets. Furthermore, Meson Valves India is actively engaged in discussions to potentially broaden its product offerings to this esteemed international client, indicating a promising future for this partnership.
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About the Company
Established in 2016, Meson Valves India Limited emerges as a prominent global player in the manufacturing of high-quality valve products across various industries. With a strong global presence, MESON offers a comprehensive range of valves in various materials, backed by experienced engineers providing tailored automation systems. Their expertise spans the Defence, Marine, Industrial, Oil & Gas, and Power sectors, showcasing their versatility and commitment to meeting diverse market demands. They leverage cutting-edge technologies to innovate in valve solutions, meeting evolving industry demands. As an ISO 9001-certified company, MESON prioritises quality assurance, registers with reputed firms, and supplies valves for critical applications, including defence projects.
The stock is up by 45.3 per cent from its 52-week low of Rs 289.10 per share. The company has a market cap of over Rs 400 crore and the shares of the company have an ROE of 23 per cent and an ROCE of 28 per cent. In FY24, total revenue stood at Rs 63.32 crore with an EBITDA of Rs 14.95 crore and a net profit of Rs 9.05 crore. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.