Ashish Kacholia holds a 1.68% stake: Industrials products company bags 2 domestic orders worth Rs 53 crore

Megatherm Induction Ltd has received two significant domestic bulk orders for its induction melting and related products, totaling approximately Rs 53 Crore. These orders, originating from clients in Eastern India, involve the supply, erection, and commissioning of capital goods. Key terms include up to 90 per cent advance payment and a performance guarantee of up to 10 per cent. The company expects to execute these orders within approximately six to eight months.

Incorporated in 2010, Megatherm Induction Ltd specialises in the manufacture and sale of Capital Equipment, focusing on induction heating and melting solutions. The company provides a comprehensive range of products, including induction melting furnaces, induction heating equipment, transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems. Beyond equipment, Megatherm offers turnkey solutions for steel plants, encompassing planning, engineering, delivery, assembly, commissioning, customer service, maintenance contracts, and spare parts. Additionally, the company performs repairs and servicing for engineering goods, equipment, plants, and machinery, including production, modification, and reconstruction.

The company has a market cap of over Rs 600 crore and has delivered good profit growth of 31 per cent CAGR over the last 5 years. An ace investor, Ashish Kacholia, holds a 1.68 per cent stake in the company as of March 2025. The shares of the company have a PE of 29x, an ROE of 16 per cent and an ROCE of 21 per cent. The stock is up by 33.3 per cent from its 52-week low of Rs 255 per share.

Disclaimer: The article is for informational purposes only and not investment advice.