Rubber Manufacturer Bags New Orders Worth Rs 2,40,00,528.60 From Smart Meter Companies and Indian Railways
The stock gave multibagger returns of 71.2 per cent from its 52-week low of Rs 164 per share.
Gayatri Rubbers and Chemicals Limited has announced securing new orders. This includes an order valued at Rs 1,65,92,941.71 from the Indian Railway Production Unit and another worth Rs 14,69,836.19 from Indian Railway Zones, both for the supply of rubber products. Furthermore, the company has received orders amounting to Rs 59,37,750.70 from Smart Meter Companies for neoprene rubber gaskets, culminating in the aforementioned combined value of ₹2,40,00,528.60.
Gayatri Rubbers and Chemicals Limited is a prominent player in the rubber industry, specialising in the manufacturing and trading of a diverse range of rubber products. Their product line includes rubber profiles, aluminium rubber profiles, automobile rubber profiles, rubber compounds, various rubber components and clear PVC profiles. The company's expertise lies in producing high-quality rubber compounds, which are supplied to other manufacturers of rubber products. These rubber products are also distributed to key players in the aluminium sector, such as Banco, Nalco, and Jindal, as well as agents of Motherson Sumi and state transport in the automobile sector.
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Gayatri Rubbers and Chemicals Limited's manufacturing facilities are strategically located in Ballabhgarh, spread across three floors, each covering an area of approximately 4500 square feet. The company procures its raw materials and trading goods from various regions across India, including Delhi NCR, Gujarat, Kerala and other parts of the country. This ensures a reliable supply chain and access to high-quality materials. For instance, natural rubber and EPDM rubber are sourced from Kerala, calcium carbonate and chalk powder are obtained from Gujarat and zinc and other goods are procured from Delhi NCR.
The company has a market cap of over Rs 250 crore with a PE of 115x, an ROE of 15 per cent and an ROCE of 22 per cent. The stock gave multibagger returns of 71.2 per cent from its 52-week low of Rs 164 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.