The shares of the railway components manufacturer hit 5 percent upper circuit of Rs 945.00 apiece after the company received an order worth Rs 11.15.10 crore for the supply of cold rolled formed sections for wagons.
With a market capitalization of Rs 650.60 crore, the shares of Cosmic CRF Ltd were trading at Rs 939.90 per share, increasing around 4.43 percent as compared to the previous closing price of Rs 900 apiece.
According to the company filing, Cosmic CRF Ltd has received an order worth Rs 11.15 crore for the supply of cold-rolled formed sections for BOXNHL wagons from Sail-Rites Bengal Wagon Industry Ltd a Joint Venture of SAIL & RITES.
The company’s revenue increased by 846 percent, from Rs 13 crore in Q2FY23 to Rs 123 crore in Q2FY24. During the same period, net profit increased by 600 percent, from Rs 1 crore to Rs 7 crore.
The stock has given multi-bagger returns of 205.84 percent in the previous six months and 293.04 percent in a year. A shareholder’s Rs. 1 lakh investment in the firm is worth Rs. 2.93 lakh each year.
As of the December Quarter, the company has bagged an order worth Rs 25.48 crores (inclusive of GST) from Sail-Rites Bengal Industry for the supply of Cold Rolled Formed Sections for BOXNHL Wagon.
Looking at the company’s profitability indicators, the return on equity (RoE) increased from (3.07) percent in FY 21-22 to 56.27 percent in FY 22-23, while the return on capital employed (RoCE) jumped from (1.02) percent to 26.08 percent.
Cosmic CRF Limited is an Indian company that provides cold rolled stainless sections to wagon manufacturers such as Titagarh Wagons Limited, Hindusthan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited, Allied Construction Engineers & Fabricators, among others.
Written by:- Abhishek Singh
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