Jash Engineering Ltd, a prominent player in the capital goods and engineering sector, has recently announced its corporate performance for October 2024. According to an exchange filing, the company secured consolidated orders worth ₹45 crore, with 43% of these orders coming from the domestic market and 57% from international markets. Key contributions were made by clients in India, the USA, Hong Kong, and the UK. As of November 1, 2024, Jash Engineering’s total consolidated order book stands at ₹873 crore, of which ₹322 crore is from domestic orders, and ₹551 crore comes from international markets. The US market is the largest contributor to the international order book, with ₹310 crore, while the UK market (through Waterfront UK) contributes ₹21 crore, and the remaining ₹220 crore is from other global markets.
The company has also been actively engaged in negotiations, securing additional orders worth ₹27 crore, with ₹15 crore coming from domestic projects and ₹12 crore from international projects. Jash Engineering typically takes up to two months to receive formal purchase orders after negotiations. Once a purchase order is received, it is added to the total outstanding order book and removed from the negotiated orders list.
Jash Engineering has been a stellar performer in the stock market, delivering exceptional returns to its investors. Over the past five years, the stock has increased by 53.94%, and its overall rise has been an astonishing 1,642.75%, making it a true multi-bagger stock for early investors. As of November 12, 2024, the stock is trading at ₹481, up by 0.99% from the previous close.
In August 2024, the company’s board of directors approved a 1:5 bonus stock split, which split each existing ₹10 equity share into five new shares with a face value of ₹2 each. This stock split is expected to increase the number of outstanding shares and enhance market liquidity.
Jash Engineering manufactures a wide range of equipment for water and wastewater systems, desalination plants, hydropower generation, and various industrial sectors such as power, steel, cement, and petrochemicals. The company has established a robust international presence, particularly in the USA, Hong Kong, and the UK.
Disclaimer: The information provided in this update is for informational purposes only and should not be construed as financial or investment advice. Readers should conduct their own research or consult with a professional advisor before making any investment decisions. The company’s future performance is subject to market risks and uncertainties.
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