Multibagger Engineering stock engaged in designing, manufacturing, and commissioning customized equipment and systems, which has Mahindra, TATA, Reliance, and many well-known companies as its customers in talk after it received an order worth Rs. 18.85 Crores.
At 10:55 a.m the shares of Kilburn Engineering Limited were trading at Rs. 279.90, down 2.41 percent from its previous day’s close price of Rs. 286.80 and its market capitalization is Rs. 1052 Crores. It has delivered multi-bagger returns of 215 percent in a year.
Kilburn Engineering Limited has received a Letter of Intent (LOI) worth Rs. 18.85 Crores from a leading steel manufacturer for supplying an Externally Fired Superheater.
Kilburn Engineering Limited is primarily engaged in designing, manufacturing, and commissioning customized equipment and systems.
It has diversified offerings and bespoke solutions like Customized Industrial Drying Systems, Customized Package Systems, Fabricated and large critical equipment, and Standard Products related to drying catering to industrial sectors such as soda ash, carbon black, nuclear power, and many more.
It has diversified offerings and bespoke solutions like Customized Industrial Drying Systems, Customized Package Systems, Fabricated and large critical equipment, and Standard Products related to drying.
It has a strong customer base with well-known players like Mahindra, Tata Motors, Indian Oil, Adani Wilmar, Reliance Industries, PCBL, ONGC, and many more.
As of September 30, 2023, it has a strong order book of Rs. 213.6 Crores and its breakup catering to different industrial sectors is as follows, 22 percent Carbon Black, 19.8 percent Pharmaceuticals, 15.1 percent Metals, 15 percent Petrochemical, 8.9 percent Tea, 4.2 percent Oil & Gas, 4 percent Fertilisers, 3.5 percent Chemicals, 1.4 percent Soda Ash, 6.1 percent Spares and Others.
The company’s revenue from operations grew by 80.47 percent from Rs. 122.75 Crores in FY22 to Rs. 221.53 Crores in FY23, accompanied by increasing profits of Rs. 1.55 Crores to Rs. 30.13 Crores.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
