Synopsis: Cranex has secured orders worth Rs. 6.30 crore from companies such as BHEL, Vedanta Limited and BEL for the supply of cranes and related equipment, boosting future growth prospects.
Cranex has a total market capitalization of Rs. 53.45 crore, according to data on the BSE. The stock was listed on the exchanges on February 20, 1992. The company, in a regulatory filing, said it has received orders for supply of cranes and related equipment worth Rs. 6,30,46,756 from BHEL, Vedanta and BEL. These domestic orders are to be executed between 2026 and 2027. It will show companies strong operational capability if they complete the orders within the specific timeline.
Cranex shares were trading at Rs. 84.5 apiece on the Bombay Stock Exchange; the stock has gained around 7-8% over the last five sessions, while it has surged about 14% in the 30 days. Over a six-month period, the stock has given a negative return of 1.83%, whereas on a year-on-year basis it has declined nearly 11%, reflecting mixed overall performance. The stock’s 52-week high was Rs. 98.50 and 52-week low was Rs. 56.00.
Cranex has a history of over five decades, having been incorporated in 1973. The company started by making material handling equipment, especially cranes and hoisting systems. Over the years, it has changed its business approach due to low sales and to meet industrial needs.
It has grown from basic crane manufacturing into various engineering solutions, including EOT (Electric Overhead Travelling) cranes, gantry cranes, jib cranes, and hoists and modernization services. This growth has strengthened its role in the capital goods and infrastructure sector.
Currently, Cranex is focused on fulfilling new orders and improving its product capabilities, which includes better crane systems and tailor-made lifting solutions. It also aims to expand its order pipeline and boost operational efficiency in the future.
What This Means for Shareholders
Despite Cranex making profits, the company is not giving out dividends. Over five years Cranex has grown sales by 7.72%. Furthermore, They have reported 10.9% return on equity which is low according to industry norms. They also take 228 days to get paid by customers which means they had low cash and cash equivalents over the years but from last year it has increased by 190%.
Cranex recently got many new orders since they changed its business approach. If Cranex keeps getting orders and business they might make more profit next year.
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