The shares of an Indian Engineering Company involved in the business of material handling and engineered products are in focus after the company bags orders worth Rs 6.19 Crs from the Transmission Corporation of Andhra Pradesh
The shares of Josts Engineering Company Ltd, with a market capitalization of Rs.550.93 crores on Wednesday. Its shares are trading at a CMP of Rs 552.10, against the previous closing price of Rs 544.35. The stock had surged up by 5.2 percent intraday, reaching a high of Rs 572.95
The News:
Josts Engineering Company Ltd. has received a work order from the Transmission Corporation of Andhra Pradesh Limited for the supply of 21 units of 12KV Automatic Capacitance & Tan Delta Test Kits. The order, valued at approximately Rs 6.19 crore, reflects the company’s growing footprint in the power testing and diagnostics segment.
The execution timeline for the supply is set at four months from the date of the LOI. This contract reinforces Josts Engineering’s position as a trusted supplier of high-voltage electrical testing equipment, aligning with its strategy to cater to key infrastructure and utility clients within India.
Jost’s Engineering Company Ltd is in the business of material handling and engineered products Josts ECL manufactures material handling equipment (MHD) and is provider of a wide range of engineering products (EPD) solutions that find its applications across diverse industries including Power, Oil & Gas, Defence, Aerospace, Information Technology, Automobile, Education, Steel, Oil, Mining, etc. The company has 7 service centers and 17 dealers across India
The company’s Revenue grew by 12.61 percent from Rs 46.48 crores In Q3FY24 to Rs 52.34 crores in Q3FY25 and the net profits of the company grew by 24.92 percent during the same time from Rs 3.33 crores in Q3FY24 to Rs 4.16 crores in Q3FY25 the company’s ROCE stands at 25.3 and the ROE of the company stands at 20.6 and the company also has a good debt to equity ratio of 0.20 and the Stock PE stands at 33.2 against the Industry PE of 34.5
Written By Likesh Babu S
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