Synopsis: Umiya Tubes Limited has bagged a significant order worth Rs. 9.64 crore from Cocreate Global Technologies for the supply of chemical oxides. While the stock hit a new 52-week high in early trade, it later witnessed profit booking.
In a regulatory breakthrough on April 22, 2026, Umiya Tubes Limited announced it has secured a major domestic order from Cocreate Global Technologies Private Limited valued at Rs. 9.64 crore.
The contract marks a significant diversification for the company, tasked with supplying 3 metric tonnes of Yellow Tungsten Oxide and 2 metric tonnes of Ammonium Paratungstate by May 2, 2026. This high-value order for specialized industrial compounds provides strong revenue visibility for the upcoming quarter and shows the company’s expanding footprint in the technical materials sector.
The company has a tight delivery schedule, with the entire consignment expected to be supplied on or before May 2, 2026. This order is categorized as being in the “ordinary course of business” and does not involve any related party transactions, providing a clear boost to the company’s revenue visibility for the current quarter.
The stock saw high volatility following the announcement. Umiya Tubes opened at a new 52-week high of Rs. 45.36, hitting the 5% upper circuit briefly. However, it subsequently faced selling pressure, trading at Rs. 41.36 (down 4.26%) as of afternoon on April 23.
Despite today’s intraday dip, the stock has shown remarkable momentum, rising from a 52-week low of Rs. 11.21. With a market capitalization of Rs. 53.59 crore, the stock is currently trading at a P/E of 39.77. Investor interest remains high, as evidenced by a significantly higher-than-average trade volume of 0.99 lakh shares compared to its 2-week average of 0.17 lakh shares.
Company Overview
Umiya Tubes Limited, based in Gandhinagar, Gujarat, traditionally specializes in the manufacturing of stainless steel pipes and tubes. The company caters to diverse industries including agriculture, oil and gas, and chemicals. The recent order for Tungsten-based compounds indicates a strategic diversification or expansion of its trading and supply arm into high-value industrial chemicals. Umiya Tubes has recently turned profitable, reporting a net profit of Rs. 1.21 crore in the December 2025 quarter.
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