During Friday’s trading session, shares of a manufacturer and seller of cranes & its parts and provides maintenance services by nearly 4.3 percent on BSE, after the company announced securing 6 purchase orders worth nearly Rs. 20.2 crores from BHEL, Indian Railways and more.
With a market capitalisation of Rs. 53.2 crores, the shares of Cranex Limited closed in the green at Rs. 81 on BSE, up by nearly 3 percent, as against its previous closing price of Rs. 78.86. The stock has delivered negative returns of around 11 percent in one year, and fell by over 9 percent in the last one month.
What’s the News
According to the latest regulatory filings on the BSE, Cranex Limited has received six purchase orders worth a total of nearly Rs. 20.2 crores for the manufacturing and supply of various products.
- First order worth Rs. 2.15 crores from South Eastern Railway, Kharagpur, West Bengal, for Goliath Crane Cap-15 Ton, to be delivered by 24th February 2026.
- Second purchase order is worth Rs. 99.8 lakhs from BHEL Jhansi for 150T Lifting Platform, to be delivered by 2nd September 2025.
- Third order, valued at Rs. 2.82 crores, from Patiala Locomotive Works for two 65T EOT Cranes, to be delivered by 27th March 2026.
- Fourth purchase order worth Rs. 27.14 lakhs is from the North Western Railway, Ajmer, for two Automatic Turn Tables for Wheels, to be executed by 1st July 2025.
- Fifth order worth Rs. 43.25 lakhs from Southern Railway, Perambur, Tamil Nadu, for 10T EOT Crane, to be delivered by 13th July 2026.
- Finally, the sixth purchase order, valued at ~Rs. 13.5 crores, is received from Bharat Heavy Electrical Limited, Noida, for two 125/25T EOT Cranes and two 25T EOT Cranes. The order is to be delivered by 1st March 2026.
Financial Performance
Cranex reported a decline in its revenue from operations, showing a year-on-year fall of around 35 percent from Rs. 17 crores in Q3 FY24 to Rs. 11 crores in Q3 FY25. Similarly, its net profit decreased during the same period from Rs. 0.1 crores to Rs. 0.09 crores, representing a decline of around 10 percent YoY.
About the Company
Incorporated in 1973, Cranex Limited is primarily engaged in the business of manufacturing and selling cranes and its parts. The company manufactures a range of cranes covering EOT, Goliath, HOT, JIB cranes, winches and electrical hoists. These find application in defence, nuclear and space installations, railways, power plants and other high-priority government projects.
Written by Shivani Singh
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