The shares of Micro-Cap company, specializing in high-pressure die casting and precision machining of both ferrous and non-ferrous materials, as well as induction heating and quenching, jumped upto 5 percent upon receiving two work orders worth approximately Rs. 140 crores from Domestic customers.
With a market capitalization of Rs. 216.61 crores on Monday, the shares of Thaai Casting Limited jumped by upto 5.1 percent, making a high of Rs. 94.00 per share compared to its previous closing price of Rs. 89.40 per share.
Thaai Casting Limited, engaged in high-pressure die casting and precision machining of both ferrous and non-ferrous materials, as well as induction heating and quenching, has received two work orders from Domestic customers.
The domestic orders are worth approximately Rs. 126.53 crores and Rs. 12.43 crores for the supply of various automotive and non-automotive products. These orders are to be executed over the next 60 to 80 months, reflecting strong customer confidence in the company’s technological and execution capabilities.
Financials & Others
The company’s total revenue rose by 44 percent from Rs. 48 crore to Rs. 69 crore in H2FY24-25. Meanwhile, Net profit declined from Rs. 8 crore to Rs. 6 crore during the same period.
Thaai Casting Limited, established in 2011, specializes in high-pressure die casting and precision machining of both ferrous and non-ferrous materials, serving primarily the automotive sector. The company’s advanced capabilities include induction hardening and gas nitriding to enhance component durability.
Thaai Casting Limited collaborates with several esteemed clients across the automotive and non-automotive sectors. Key automotive customers include MEI, Motherson, Yazaki, SFL, and Innova rubbers, while major non-automotive clients feature Schindler, WIKA, and Bonfiglioli.
Among end customers, the company supplies leading OEMs such as Maruti Suzuki, Tata Motors, Ashok Leyland, Mahindra, Toyota, and JCB, reflecting its trusted reputation among top industry brands.
With a product range covering engine mounting brackets, transmission mounts, steering wheels, and electrical connectors. Thaai Casting operates with a self-certification process and efficient Direct On Line (DOL) supply chain, and is expanding its infrastructure with new facilities for gas nitriding, gear shaping, and heavy machining to support growth and diversification.
Written by Sridhar J
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