Back-to-Back Upper Circuit & 2,300% Multibagger Returns in 12-Months: Trading & Exports Company Secures Rs 2.8 Crore Order for 40 Thermal Imagers from Kalyani Strategic Systems

DSIJ Intelligence-2 / 16 Sep 2025/ Categories: Mindshare, Multibaggers, Trending

Back-to-Back Upper Circuit & 2,300% Multibagger Returns in 12-Months: Trading & Exports Company Secures Rs 2.8 Crore Order for 40 Thermal Imagers from Kalyani Strategic Systems

On a year-to-date basis, the stock has gained 2,279.12 per cent, while in the last 12 months, it has delivered a return of 

RRP Defense Ltd has announced that it has received a Letter of Intent worth Rs 2.8 crore from Kalyani Strategic Systems Limited for the supply of 40 units of its Hand-held Thermal Imager PR110 MF.

The company, formerly known as Euro Asia Exports Limited, informed BSE Limited about the development. Kalyani Strategic Systems Limited, a 100 per cent subsidiary of Bharat Forge Limited, has placed the order as a domestic entity.

According to the agreement, deliveries will be completed in two phases. The first phase requires 14 units to be supplied by the end of the financial year 2025-26, while the remaining 26 units are scheduled for delivery by the end of 2026-27. Each Hand-held Thermal Imager PR110 MF is priced at Rs 7,00,000.

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About the Company

RRP Defense Ltd. is an Indian company that has rapidly transformed from a trading firm (formerly Euro Asia Exports Limited) into a key player in the country's defence and drone technology sector. Under the "Make in India" initiative, RRP Defense is focused on designing, developing, and manufacturing advanced defence systems, particularly unmanned aerial systems (UAS) and related technologies. They've recently solidified their position through a significant tie-up with French-American aerospace firm CYGR to establish a drone manufacturing facility in India, focusing on producing Drone Command Modules for international export. This strategic shift and international collaboration underscore RRP Defence's commitment to indigenous capabilities and its growing presence in the global defence market.

On Monday, shares of RRP Defense Limited hit a 2 per cent upper circuit and made a new 52-week high of Rs 483 per share. The company has a market cap of Rs 75.9 crore and the stock has given multibagger returns of 2,792 per cent from its 52-week low of Rs 16.73 per share.

The company’s stock performance has been exceptional. Currently trading at Rs 483, up Rs 9.45 or 1.99 per cent, it has hit 65 consecutive upper circuits and maintained a 224-day winning streak.

On a year-to-date basis, the stock has gained 2,279.12 per cent, while in the last 12 months, it has delivered a return of 2,377.95 per cent. An investment of Rs 1 lakh made a year ago would now be worth approximately Rs 23.78 lakh, marking a notable multibagger performance in the Small-Cap segment.

Incorporated in 1981, RRP Defense Ltd formerly known as Euro Asia Exports Ltd does trading and exports of various items. Company is in the business of trading and dealing in fabrics, garments and other trading material, etc. At present, the company is starting the business of selling sponge iron.

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