Multibagger Engineering stock engaged in designing, manufacturing, and commissioning customized equipment and systems, with Tata, Reliance, Pepsi, and many well-known companies as its customers jumps 4 percent in the day’s trade upon receiving work orders worth Rs. 33.73 Crores.
With a market capitalization of Rs. 1,382 Crores, the shares of Kilburn Engineering Limited were trading at Rs. 367.95, up 3.91 percent from its previous day’s close price of Rs. 354.10. It has delivered multibagger returns of 190 percent in a year.
Kilburn Engineering Limited has announced that from its previous disclosure on April 29, 2024, till date it has received orders worth Rs. 33.73 Crores for the supply of Fluid Bed Dryers, Rotary Dryers, Air Preheaters and Pelletizers
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 sectors like Chemical, Steel, Nuclear Power, Petrochemicals, Food Processing, and many more.
It has a strong customer base with well-known players like Pepsi, Mahindra, Tata Motors, Indian Oil, Adani Wilmar, Reliance Industries, JCB, PCBL, TVS, Hero, ONGC, and many more.
As of December 2023, it has a strong order book of Rs. 236 Crores and its breakup catering to different industrial sectors is as follows, 24.4 percent Carbon Black,18.4 percent Petrochemical, 16.9 percent Chemicals,14.9 percent Pharmaceuticals, 13.2 percent Metals, 7 percent Tea, 3.2 percent Spares and Others, 1.5 percent Fertilisers, 0.3 percent Oil & Gas.
Its revenue from operations grew by 35.18 percent from Rs. 54 Crores in Q3FY23 to Rs. 73 Crores in Q3FY24, accompanied by profits of Rs. 8 Crores to Rs. 10 Crores.
Written by: Bharath K.S
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