Share price of this multibagger stock jumped by 2% on BSE to Rs. 825.4 in the trading session of March 22nd, compared to its previous close of Rs. 809.25, after the company announced securing a work order worth Rs. 11.14 crore.
With a market capitalisation of Rs. 1,394 crores, in the last one year, Last Mile Enterprises Limited has delivered multibagger returns of about 799.6 percent and nearly 311.6 percent in the last six months. So far in 2024, it has given multibagger returns of around 157.6 percent.
According to recent regulatory filings with the BSE, Last Mile Enterprises Limited received work orders for a total of ~Rs. 11.14 crore from M. Visvesvaraya Industrial Research And Development Centre.
The work orders received by the company are for the application of Heat Resistant paint and other features coating ‘Sunbless’ to the external surface of the Arcade Building and Center-1 Building, World Trade Center, Mumbai, valued at ~Rs. 3.68 crore and ~Rs. 7.45 crore, respectively.
The order has to be executed within 12 months from the receipt of the work order or completion of civil repairs work, whichever is later.
In terms of financials, the company’s revenue from operations in FY22-23 is Rs. 50 crore, accompanied by a net profit of Rs. 4.58 crore in FY22-23.
The FIIs increased their holding by 0.68 percent from 0.33 percent in Q2 FY23-24 to 1.01 percent in Q3 FY23-24, whereas, the Promoter’s holding remains unchanged at 60.77 percent since Q2 FY23-24.
Last Mile Enterprises Limited, formerly known as Trans Financial Resources Limited, is engaged in the business of construction and engineering business activity.
Written by Shivani Singh
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