This Micro-cap stock hit the upper circuit after it bagged orders worth 37 Cr from the modern coach factory.
At the day’s opening the shares of Oriental Rail infrastructure were trading at Rs. 94.17 as it hit the upper circuit up by 2 percent from its previous day close price and the market capitalization of the company is 507 Cr.
As per the company’s filing, Oriental Rail Infrastructure Limited has secured orders worth 37.64 Cr from Modern Coach Factory (MCF), Raebareli, Indian Railways for Manufacturing and Supplying of 542 sets of Seat and Berths, which includes 446 sets for LHB AC 3T coaches and 96 sets for LWSCN coaches.
The order which consists of 446 sets for LHB AC 3T coaches is to be completed/supplied upto December 31, 2024 whereas the order of 96 sets for LWSCN coaches is to be completed/supplied upto February 29, 2024.
The company’s revenue has increased by 88.37 percent from 172.6 Cr in FY22 to 325.13 Cr in FY23, accompanied by decreasing profits of 15.59 Cr to 3.19 Cr.
The company has reported a return on equity (ROE) of 3.01 percent and 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 the 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
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.
