Multibagger small-cap stock hit an all-time high after receiving an order worth Rs 139.48 crore from Ircon International Ltd

On Thursday, shares of Jaykay Enterprises Ltd jumped 11.44 per cent to an all-time high of Rs 224.50 per share from its previous closing of Rs 201.45 per share with a spurt in volume by 1.4 times on BSE. The stock also made a 52-week high of Rs 224.50 per share and its 52-week low is Rs 88 per share.

J K Phillips LLP, a 50:50 joint venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited, has secured a domestic contract valued at Rs. 139.48 Crores (including GST) from Ircon International Limited. The order is for the design, supply, installation, commissioning and training of various plant and machinery for MSME (Micro, Small and Medium Enterprises) Training Centres across India. This turnkey project is known as GE-Package-2 and has a completion period of 240 days from the letter of acceptance (LOA) date of September 24, 2025.

This order is a significant achievement for Jaykay Enterprises, aligning with its strategic goal of providing advanced digital manufacturing solutions through global partnerships. The contract's scope includes key machinery like CNC EDMs, CMM EDMs and 3D Printers. The project is aimed at capacity building and digital transformation within the MSME sector, which is crucial for economic growth and job creation and supports the government's "Viksit Bharat" initiative to make India a developed nation by 2047.

Get started today with DSIJ’s Navratri deal — pay for one, access two!

Earlier, the company’s subsidiary, Allen Reinforced Plastics Limited, had finalised a contract with BrahMos Aerospace Private Limited to manufacture composite parts. The definitive order, valued at roughly Rs. 94.45 crore, confirms a previously issued letter of intent. This contract strengthens JKE's presence in the defence and aerospace sectors and positions the company as a key supplier in India's growing defence supply chain.

About the Company

JayKay Enterprises Ltd. (JKE) is a leading diversified company with a strong portfolio in defence, aerospace, digital and advanced systems. Through its divisions and subsidiaries, JKE is committed to delivering industry-leading solutions, driving innovation and contributing to India’s strategic industrial base.

In FY25, the company reported net sales of Rs 81 crore and net profit of Rs 7 crore. The company has a market cap of over Rs 2,500 crore. The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 88 per share.

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