The shares of a multibagger stock specializing in heavy earth-moving equipment for rent and leasing that also provide oil and gas exploration services gained up to 4 percent after securing a contract from Jindal Stainless Ltd for its ongoing steel project.
Share Price Movement
The shares of Trishakti Industries Ltd, with a market capitalization of Rs 240.63 Crores, hit 5 percent upper circuit at Rs 148.8 per share after the company announced that it has secured a significant order from Jindal Stainless Ltd.
The shares generated impressive returns of 203 percent in the past year, 983.5 percent in the past 3 years, and 5,226.5 percent in the past 5 years respectively.
Order Details
As per a press release dated February 13, 2025, Trishakti Industries Limited has secured a significant contract from Jindal Stainless Limited. Under this contract, Trishakti Industries Limited will supply advanced heavy machines worth Rs 2.6 Crores for Jindal Stainless Limited’s ongoing Steel Project. The duration of the contract is 5 months.
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Financials
The company reported a 95% YoY decline in Revenue from Operations from Rs 32.33 Crores in Q3FY24 to Rs 1.57 Crores in Q3FY25. Their Net Profits also dropped by 96% from Rs 0.26 Crores to Rs 0.01 Crores over the same period.
Previous Order
As per a press release dated January 22, 2025, the company has secured a significant contract from NCC Limited for supplying advanced earth-moving heavy equipment worth Rs 6 Crores to support their Adani Power Project. The duration of the contract is 12 months.
Key Customers
The company deals with key customers like L&T, Reliance, Tata, RVNL, ONGC, Oil India, Jindal Stainless, Power Transmission Ltd, Abu Dhabi Ship Building and many others.
About Trishakti Industries
Trishakti Industries Ltd is a premier infrastructure solutions provider in India, specializing in hiring heavy earth-moving equipment. Large-scale projects are supported across sectors such as steel, cement, railways, construction, etc. with a diverse fleet of their advanced machinery. The company is undergoing a Rs 400 crore CAPEX investment from FY25 to FY27, significantly enhancing its capabilities and reshaping its future outlook.
Written By Adhvaitha Nayani
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