The shares of an Indian Engineering company engaged in manufacturing, machining & grinding of engineering goods, steel plates & manufacture of mould bases and die sets have hit a 5 percent upper circuit after a Major order from a NATO Country for the Supply of Empty Artillery Shells
The shares of Sunita Tools Ltd, with a market capitalisation of Rs. 395.84 crores on Monday. Its shares are trading at a CMP of Rs 647.85, against the previous closing price of Rs 617.00. The stock has hit an upper circuit of 5 per cent.
The News:
Sunita Tools Limited, a key player in the engineering and manufacturing sector, has received a Major Letter of Intent (LOI) for the supply of 1,00,000 Empty Artillery Shells (155mm M107) to a NATO country. The order will be executed in batches of 10,000 shells, with deliveries starting from Q3 2026.
This LOI was issued by a prominent NATO-based supplier, and the Ministry of Defence of the recipient country will provide the End-User Certificate (EUC) directly to Sunita Tools. The order amount is approximately between Rs 200 Crore to 300 Crore.
This new LOI marks a substantial boost to Sunita Tools’ artillery shell business and ensuring strong business visibility through. The company is in the final stages of preparing the necessary large-scale infrastructure and assembling a dedicated team to manage the production ramp-up required for this high-volume defence contract.
Chairman and Whole-Time Technical Director, Mr. Sanjay Pandey, said that the company’s commitment to timely execution and top-tier quality standards. He also highlighted the strategic onboarding of Mr. Tarun Thapar, whose experience is expected to play a vital role in delivering this prestigious order.
Classified as a Major Project is worth between Rs 200–300 crore, the LOI represents a major milestone in Sunita Tools’ growth trajectory and expansion into international defence markets.
Sunita Tools Limited, with over 36 years of experience, is one of the leading players in the engineering and mould base industry, specializing in ground plates, mould bases, and precision CNC machining. It diversified successfully into the aerospace sector, and also serves industries like automotive, pharmaceuticals, electronics, and consumer goods.
The company’s revenues increased by 13.53 percent from Rs 26.09 crores in FY24 to Rs 29.62 crores in FY25, and its Net profits have increased by close to 5 percent from Rs 4.85 crores in FY24 to Rs 5.09 crores in FY25. The company has a good Debt-to-Equity ratio of 0.09, and the company’s ROCE stands at 17.3 percent and it ROE stands at 14 percent
Written by Likesh Babu S
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