Oriental Rail Infrastructure Bags Order Worth Rs 1,92,22,200 LWSCN Coaches!

Oriental Rail Infrastructure Ltd is engaged in the manufacturing, buying, and selling of Recron, seat and berth components, Compreg boards, and timber products, has secured a significant order from Modern Coach Factory (MCF), Raebareli, Indian Railways.

The order, valued at Rs 1,92,22,200 (Rupees One Crore Ninety-Two Lakh Twenty-Two Thousand Two Hundred only), is for the manufacturing and supply of 30 sets of seats and berths for LWSCN coaches. The order is scheduled to be executed by September 29, 2024.

At the start of the day’s trading session, the stock opened at Rs 375.10 per share, compared to the previous day’s closing figure of Rs 387.85 per share on the BSE. Finally, the shares closed at Rs 380.70 per share. The company’s current market capitalization stands at Rs 2339.74 crore, and the stock has generated an impressive return of over 300% in the past 1 year.

Financial Performance

In Q4 FY24, Oriental Rail Infrastructure Ltd reported revenue of Rs 172.04 crore. The company reported an operating profit of Rs 12.67 crore along with an operating margin of 7.36%. The company reported a net profit of Rs 4.37 crore in Q4 FY24. Turning attention to the company’s annual performance, it reported revenue of Rs 526 crore compared to Rs 325 crore in FY23. The company reported an operating profit of Rs 67 crore with an operating profit margin of 13%. The company’s net profit stood at Rs 30 crore in FY24.

According to the shareholding pattern, the company’s promoters hold 54.81% of the shares, while public or retail investors own 44.86%. In the first quarter of FY25, Foreign Institutional Investors (FIIs) increased their stake from 0.02% to 0.33%.

Investors must keep this stock on their radar.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.