Synopsis:
John Cockerill Ltd secured an Rs. 80 crore order from Tata Steel to set up pickling and ARP plants at Jamshedpur, enhancing operational efficiency.
Known for providing industrial engineering solutions and advanced manufacturing technologies, the company has recently secured a significant contract from Tata Steel to set up pickling and ARP plants. This development has brought the stock into focus among investors.
John Cockerill Limited’s stock, with a market capitalisation of Rs. 2,232 crores, rose to Rs. 4,579.9, hitting a high of up to 4.54 percent from its previous closing price of Rs. 4,380.75. However, the stock over the past year has given a negative return of 16 percent.
Order Update
Tata Steel Limited has awarded a contract for the supply and installation of critical equipment for a push-pull pickling line and acid regeneration plant at its Jamshedpur location in Jharkhand. The job involves engineering, designing, making, and delivering the needed machines and parts, as well as setting up and testing the plants. The company handling the contract will also supervise the full process of building and starting the plants, making sure everything works as promised.
This order is a domestic contract, with a total value of about Rs. 80 crores and is expected to be completed by the middle of 2027. The main goal is to provide and install all important equipment required for the new facilities and ensure they run properly as soon as they’re commissioned. This will help Tata Steel run its operations more smoothly and meet its performance targets for the new plants.
Also read: ₹2,500 Cr Order: Largecap stock jumps after receiving huge order from Nuclear Power Corp
Q1 Financial Highlight
Revenue in Q1FY26 stood at Rs. 82.12 crore, down 12% YoY from Rs. 93.29 crore in Q1FY25, but up 7.5% QoQ from Rs. 76.42 crore in Q4FY25. Over the past three years, the company has delivered a strong sales CAGR of 25%, supported by consistent topline expansion despite short-term fluctuations.
Net profit improved sharply to Rs. 1.72 crore in Q1FY26 compared with a loss of Rs. 0.03 crore in Q1FY25 and a loss of Rs. 0.75 crore in Q4FY25. Profitability has expanded at a 3-year CAGR of 22%, while ROE has grown at 4% CAGR, reflecting steady improvement in returns alongside healthier earnings momentum.
Written By Fazal Ul Vahab C H
