In Friday’s trading session, the shares of a company operating in the railway segment hit a 5% upper circuit at Rs. 397.45, after the company’s subsidiary secured an order worth Rs. 432 crores from the Indian Railways.
With a market capitalisation of Rs. 2,442.7 crore, the shares of Oriental Rail Infrastructure Limited hit a new 52-week high and opened at Rs. 397.45, as against its previous closing price of Rs. 378.55.
What’s the News:
According to the latest regulatory filings with the stock exchanges, Oriental Foundry Private Limited, a wholly-owned subsidiary of Oriental Rail Infra, secured an order worth Rs. 432.15 crore from Indian Railways.
With the execution period of 31st March 2026, the order is to manufacture and supply 1,200 BVCMC Wagons.
As per the contract, 90 percent of the total cost is to be received against the Inspection Certificate issued by the RDSO as specified in the contract and proof of dispatch/delivery of the material, while the Balance of 10 percent after receipt, inspection and acceptance of the goods.
Previous Order:
On 10th July, Oriental Rail Infrastructure bagged orders worth Rs. 19.3 crores from Rail Coach Factory (RCF), Kapurthala, Indian Railways, for the manufacturing and supplying of 194 Sets of ‘Seats’ for LHB GS coaches, 96 Sets of ‘Seats and Berths’ for LHB SCN coaches, and 29 sets of ‘Seats and Berths’ with MS corrugated sheet for LHB AC3T coaches.
Further, 95 percent of the payment is to be received against the Inspection Certificate issued by the nominated inspection agency as specified in the contract and proof of dispatch/delivery of the material and a Balance of 5 percent after receipt, inspection and acceptance of the goods.
Financials:
Financially, the company experienced significant growth in its revenue from operations, showing a year-on-year rise of 42.8 percent from Rs. 120.4 crore in Q4 FY22-23 to Rs. 172 crore in Q4 FY23-24.
Similarly, its net profit increased during the same period from a loss of Rs. 8 crore to a profit of Rs. 4.4 crore.
Stock Performance:
The stock has delivered nearly multibagger returns of nearly 576 percent in one year, and around 46 percent of positive returns in the last six months. So far in 2024, the shares of Oriental Rail Infra have given positive returns of about 63.4 percent.
Shareholding Pattern:
According to the latest shareholding pattern, the Promoters hold a 54.81 percent stake in the company, Foreign Institutional Investors (FII) hold a 0.02 percent stake, while Retail Investors hold a 45.17 percent in Oriental Rail Infra.
As of June 2024, the ace investor Mukul Mahavir Agrawal owns nearly 34 lakh equity shares, representing a 5.53 percent stake, in the company.
About the company:
Oriental Rail Infrastructure Limited, formerly known as Oriental Veneer Products Limited, is engaged in the manufacturing, buying and selling of all types of Recron, Seat & Berth, and Compreg Boards, along with the trading of timber woods, ferrous & non-ferrous metals, casting tools, slabs, rods, section flates & other ferrous & non-ferrous products.
Written by Shivani Singh
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.
