This small-cap stock engaged in designing, manufacturing, and installing cold rolling mills, processing lines, and thermal and chemical treatment equipment for global ferrous and non-ferrous industries, jumped 6 percent after securing an order worth Rs. 40 crore from Jindal India Limited.
Stock Price Movement:
With a market capitalization of Rs. 1,271.49 crores, the share of John Cockerill India Limited has reached an intraday high of Rs. 2,688.75 per equity share, rising nearly around 5.69 percent from its previous day’s close price of Rs. 2,544.05. Since then, the stock has retreated and is currently trading at Rs. 2,529.90 per equity share.
What Happened:
John Cockerill India Limited has received a contract worth approximately Rs. 40 crore from Jindal India Limited for upgrading their Continuous Galvanising Line (CGL) at the Ranihati plant.
The project includes engineering, designing, manufacturing, and supplying critical equipment, such as an electrolytic cleaning section, a vertical entry accumulator, furnace modifications, an induction dryer, and a second tension reel. John Cockerill will also oversee the installation and commissioning. The project is expected to be completed by early 2026 and is part of the company’s routine business operations.
Order Book:
As of December 31, 2024, John Cockerill India Limited’s order book stands at Rs. 680.8 crore, reflecting a strong pipeline of ongoing projects.
Products and services offerings:
John Cockerill India Limited specializes in making industrial equipment like reversible cold rolling mills and organic coating lines. The company operates in the engineering sector and falls under the Capital Goods-Non Electrical Equipment category.
Manufacturing Facilities and Global Presence:
John Cockerill India Limited has manufacturing units in Taloja and Hedavali, Maharashtra. The company has a strong global presence, operating in Asia, Africa, the Middle East, Europe, North America, and South America.
Recent quarter results:
John Cockerill India Limited’s revenue has decreased from Rs. 253.90 crore in Q3 FY24 to Rs. 72.34 crore in Q3 FY25, which has dropped by 71.51 percent. The net profit of the company has turned into a net loss, from Rs. 10.32 crore in Q3 FY24 to Rs. -1.74 crore in Q3 FY25.
Written By – Nikhil Naik
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