Multibagger railway infrastructure manufacturer hit 5 percent upper circuit in the day’s trade after it secured 2 orders worth Rs. 27.2 Crores from Rail Coach Factory, Indian Railways. 

The shares of Oriental Rail Infrastructure Limited hit 5 percent upper circuit in the day’s trade at Rs. 120.60 and its market capitalization is Rs. 650 Crores. 

Oriental Rail Infrastructure Limited has secured 2 orders worth Rs. 19.92 Crores and Rs. 7.28 Crores totaling up to Rs. 27.2 Crores, from Rail Coach Factory, Indian Railways, for manufacturing and supply of 277 sets of Seat and Berths which includes 195 sets for LHB AC 3T coaches, 82 sets for LHB AC 2T coaches, and 113 sets of Seats and Berths for LHB SCN coaches. 

It has delivered multi-bagger returns of 187 percent in the last six months. A shareholder investment of Rs. 1 lakh in the company would be worth Rs. 2.87 lakh in the last six months. 

The company’s revenue has increased by 88.37 percent from Rs. 172.6 Crores in FY22 to Rs. 325.13 Crores in FY23, accompanied by decreasing profits of Rs. 15.59 Crores to Rs. 3.19 Crores. 

The company has reported a return on equity (ROE) of 3.01 percent and a return on capital employed (ROCE) of 5.78 percent, this indicates that the company is struggling to make returns on its equity and capital employed. 

Oriental Rail Infrastructure Limited is engaged in manufacturing, buying, and selling of all types of Recron, Seat & Berth, Compreg Boards, and also engaged in trading of timber woods and all its products. 

Written by: Bharath K.S


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