Railway stock engaged in manufacturing, buying, and selling of all types of Recron, Seat & Berth, Compreg Boards, and many more to Indian Railways and many others hits a 5 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 2.16 Crores from Indian Railways.
Price Action
With a market capitalization of Rs. 1,584 Crores, the shares of Oriental Rail Infrastructure Limited were trading at Rs. 258 per equity share, up 2.24 percent from its previous day’s close price of Rs. 252.35.
What Happened
Oriental Rail Infrastructure Limited engaged in manufacturing, types of Recron, Seat & Berth, and other related resources to railways and other industries has received a new work order from Rail Coach Factory (RCF), Kapurthala, Indian Railways for a consideration of Rs. 2.16 Crores.
The said work order involves manufacturing and supplying 9 Sets of Seats for LHB Non AC chair car coaches (108 Seater) and 9 Sets of Seats for LHB 2nd AC chair car coaches (78 Seater) and it is be executed by May 29, 2025.
About the Company
Oriental Rail Infrastructure Limited is engaged in manufacturing, buying, and selling of all types of Recron, Seat & Berth, and Compreg Boards, and also engaged in trading of timber woods and all its products. The Company’s products are used in various applications, including railways, automotive, consumer, and industrial engineering industries.
Ace Investor Investment
Ace Investor Mukul Mahavir Agrawal holds a 5.53 percent stake in the company consisting of 34 Lakh Equity shares. He made a fresh position in the company in March 2024, by acquiring a 5.53 percent stake consisting of 34 Lakh equity shares
Financials and Ratios
Its revenue from operations grew by 62 percent from Rs.115 Crores in Q2FY24 to Rs. 186 Crores in Q1FY25, accompanied by profits of Rs. 8 Crores to Rs. 10 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 15.2 percent and a return on capital employed (ROCE) of 12.3 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.94.
Written by: Bharath K.S
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.
