During Tuesday’s trading session, the shares of this small-cap company surged by 4 percent to hit an intraday high at Rs. 5,779.9 on BSE, after the company received an order worth Rs. 103 crores from ArcelorMittal Calvert LLC, an American-based company.
With a market cap of Rs. 2,623.8 crores, the shares of John Cockerill India Limited opened in the green at Rs. 5,670, up by nearly 2 percent, compared to its previous closing price of Rs. 5,555.75.
What’s the news:
According to the latest regulatory filings with the BSE, John Cockerill Industry North America lnc. has secured an order worth Rs. 103 crores from ArcelorMittal Calvert LLC, America, for Annealing and Pickling Line for Silicon Steel.
John Cockerill Industry North America lnc. has entrusted their Indian subsidiary, John Cockerill India Limited, to take care of the overall detailed engineering of APL, supply of terminal equipments, pre-assembly of refractory, supply of annealing furnace, supply of associated hydraulic & lubrication systems and erection & commissioning of the line.
Financials:
The company experienced a decline in its revenue from operations, showing a year-on-year decrease of around 57.8 percent from Rs. 221.2 crores in Q1 FY24 to Rs. 93.3 crores in Q1 FY25.
Similarly, its net profit decreased during the same period from a profit of Rs. 4.3 crores to a loss of Rs. 0.03 crores.
Stock Performance:
The stock has delivered positive returns of nearly 86.5 percent in one year, as well as around 46.6 percent returns in the last six months. So far in 2024, the shares of John Cockerill India Limited have given positive returns of about 72.2 percent.
About the company:
John Cockerill India Limited, a subsidiary of John Cockerill SA (formerly Cockerill Maintenance & Ingenierie SA), is engaged in the business of designing, engineering, manufacturing and installation of components of Cold Rolling Mill Complexes, Galvanising Lines, Colour Coating Lines, Tension Levelling Lines, Skin Pass Mills, Acid Regeneration Plants, Wet Flux Lines and Pickling Lines for ferrous and non-ferrous industries worldwide.
Written by Shivani Singh
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