Shares of this newly listed small cap stock gained 5.87 percent after the company received an order worth 254.88 crores.
At 2:25, 12th october shares of Cosmic CRF Ltd were trading at Rs. 275 per share, up by 5.87 percent from previous close price of Rs. 259.75 per share.
Such bullish stock price movements were observed after the company announced through a regulatory filing on Bombay stock exchange (BSE) that they have bagged an order worth 254.88 crores (inclusive of GST) from Sail-Rites Bengal Industry for supply of Cold Rolled Formed Sections for BOXNHL Wagon which is expected to be completed within 9 months.
As the stock is newly listed, financial data is only available for the last financial year. Company reported revenue of Rs. 121.49 crores and profit of Rs. 6.41 crores, Net profit margin of the company is 5.28 percent for the financial year 2022-23.
Looking at the profitability ratios, the company reported return on equity (ROE) of 84.19 percent and return on capital employed (ROCE) of 35.65 percent.
Cosmic CRF Ltd is a qualified and an RDSO approved supplier of cold rolled stainless sections to renowned wagon manufactures such as, Titagarh Wagons Limited, Hindustan Engineering & Industries Limited, Melbrow Engineering Works Private Limited, Jindal Rail Infrastructure Limited.
Written by: Vinit Israni
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