Defence stock engaged in the business of designing, developing, and manufacturing Defence Application Products, Kitchen, and Dairy Equipments hit a 5 percent upper circuit in the day’s trade upon receiving a new work order from Larsen & Toubro Limited worth Rs. 104 Crores.
Price Action
With a market capitalization of Rs. 1,047 Crores, the shares of Krishna Defence and Allied Industries Limited hit a 5 percent upper circuit at Rs. 745 per equity share, from its previous day’s close price of Rs. 709.55.
What Happened
Krishna Defence and Allied Industries Limited has secured a new work order from Larsen & Toubro Limited for the supply of special steel products to be used for critical platforms for a consideration of Rs. 104 Crores and the work order should be executed within 12 months.
Management Message
“We are thrilled to announce a significant order win from Larsen & Toubro Limited for Special Steel Products, valued at approx. Rs. 104 crores, destined for a critical platform. It further solidifies our standing as a reliable partner committed to excellence in the defence industry, capable of delivering cutting-edge solutions tailored to the most complex needs.”
This remarkable order win propels our cumulative achievements for this F.Y.2024-25, to an impressive Rs. 193 crores. These order wins reflect our unwavering commitment to excellence and our strategic focus on delivering value to our clients. As we continue to expand our production capabilities and introduce innovative solutions, we are entering a new era of growth, poised to lead the industry with resilience and foresight.”
About the Company
Krishna Defence & Allied Industries Limited is engaged in the business of designing, developing and manufacturing Defence Application Products, Kitchen, and Dairy Equipment Products.
Its core competencies include product prototype, design, and development, functional testing, validation, and field testing, followed by verification, as well as Annual Maintenance Contracts, Service tele-support, and physical support to maintain the uptime of equipment
Krishna Defence & Allied Industries Limited has a wide range of products consisting of Ballast Bricks, Special Profile for Armoured Vehicle, Modular Vehicle Barriers, Improvised Explosive Device Containment Vessel, Direct Expansion Bulk Milk cooler and many others.
Financials & Ratios
Its Revenue from operations grew by 68 percent YoY from Rs. 63 Crores in FY23 to Rs. 106 Crores in FY24, accompanied by profits of Rs. 5 Crores to Rs. 10 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 14.4 percent and a return on capital employed (ROCE) of 18.2 percent. It has reported a debt-to-equity ratio of 0.10.
Written by: Bharath K.S
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