During the trading session of Friday, the shares of a leader in the plastic extrusion machinery manufacturing sector surged nearly 4.8 percent to hit an intraday high at Rs. 366 on BSE.
With a market capitalisation of Rs. 4,487.3 crores, the shares of Rajoo Engineers Limited closed in the green at Rs. 364.8, up by nearly 4.5 percent, as against its previous closing price of Rs. 349.05.
Stock Performance
The stock has delivered multibagger returns of around 6,031 percent over a five-year period, spanning from Rs. 5.31 in November 2019 to the current stock price level of Rs. 365.
This indicates that if an investor had invested Rs. 10,000 in the stock five years ago, it would have gained to nearly Rs. 6.13 lakhs.
In the previous six months, the stock has delivered multibagger returns of nearly 175.7 percent, as well as around 338.3 percent returns in the last one year. So far in 2024, the shares of Rajoo Engineers have given about 250.2 percent of multibagger returns.
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Financials:
Rajoo Engineers reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 6.2 percent, falling from Rs. 53.5 crores in Q2 FY24 to Rs. 56.8 crores in Q2 FY25.
The marginal increase in the revenue was mainly due on account of a healthy order book that has resulted in production & dispatch in full swing, and while some deliveries were already made, the balance is scheduled in the coming quarters.
Similarly, during the same period, the company’s net profit increased from Rs. 5.4 crores to Rs. 8 crores, representing a growth of about 48.2 percent YoY.
EBITDA for Q2 FY25 increased by about 27.5 percent YoY to Rs. 9.14 crores, up from Rs. 7.17 crores in Q2 FY24, while the EBITDA margins grew by 270 bps to 16.1 percent, from 13.4 percent, over the same period.
About the company:
Incorporated in 1986, Rajoo Engineers Limited y is mainly engaged in manufacturing and selling a reputed brand of Plastic Processing Machineries and post-Extrusion Euipment, serving both international and domestic markets.
The company holds a robust and diverse product portfolio, encompassing mono and multilayer blown film lines, mono and multilayer sheet lines, thermoforming and PS foam vacuum forming machines, mono and multilayer extrusion coating and lamination lines, the PVC segment, and cross lamination film lines.
Written by Shivani Singh
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