Synopsis:
Jay Bee Laminations jumped sharply after securing an order worth Rs 95 Crore from ABI Energy Solutions for the supply of Plant and Installation services for Engineering, Procurement, Construction, and commissioning of transmission lines and distribution lines in Haryana.
The shares of this leading CRGO silicon steel manufacturer are in focus after it bagged a significant order. In this article, we will try to understand more about the insights of this order.
With a market capitalization of Rs 500 crore, the shares of Jay Bee Laminations Ltd made a day high of Rs 230.10 per share, up by 7 percent from its previous day closing price of Rs 215.70 per share. In the last one year, the stock has corrected by 23 percent.
About the order
Jay Bee Laminations, through a stock exchange filing, announced that it has secured a major work order valued at Rs 94.86 crore from ABI Energy Solutions Limited. This order entails supplying equipment and offering installation services for the engineering, procurement, construction, and commissioning of transmission and distribution lines in Haryana. The order is anticipated to wrap up within 12 months. This order is set to enhance Jay Bee Laminations’ project portfolio and improve its revenue outlook.
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Financial Highlights
The company reported a revenue of Rs 367 crore in FY25, up by 21 percent from its FY24 revenue of Rs 303 crore. Regarding its profitability, it reported a net profit growth of 32 percent to Rs 25 crore in FY25 as compared to a net profit of Rs 19 crore in FY24.
The stock delivered a robust ROE and ROCE of 24.13 percent and 32.11 percent respectively, and is currently trading at a P/E of 19.69x as compared to its industry average of 23.40x.
Jay Bee Laminations Limited operates three manufacturing units in Noida and Greater Noida, focusing on the production of CRGO steel cores for power and distribution transformers. The company proudly serves well-known transformer manufacturers and boasts cutting-edge facilities that cover an impressive 156,450 sq. ft.
They have built a solid reputation for their skill in designing, developing, and manufacturing electrical steel cores that adhere to global quality standards. Known for their commitment to delivering top-notch products at competitive prices, they also ensure timely deliveries.
Written by Satyajeet Mukherjee
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