Small-Cap Engineering Company Secures Rs 103 Crore Order from ArcelorMittal – Operating Profit Triples, Margins Double in FY24!

This Small-Cap company that specializes in the design, manufacturing, and commissioning of cold rolling mill complexes, processing lines, chemical equipment, industrial furnaces, and auxiliary equipment for both ferrous and non-ferrous industries globally, has bagged a substantial work order.

Order Details

John Cockerill Industry North America Inc. has secured an order from ArcelorMittal Calvert LLC, America, for an Annealing and Pickling Line (APL) for Silicon Steel. The project has been entrusted to John Cockerill India Ltd, a fellow subsidiary, to handle the detailed engineering of the APL, supply terminal equipment, pre-assemble refractory, and provide the annealing furnace, hydraulic, and lubrication systems, along with overseeing the erection and commissioning of the line. The total value of the contract is approximately Rs 103 crore.

Share Performance

At the start of today’s trading session, John Cockerill India Ltd opened at Rs 5670 per share, compared to the previous day's closing of Rs 5555.75 per share on the BSE. Finally, shares closed the day at around Rs 5313.85 per share on the BSE. The current market capitalization stands at Rs 2623.88 crore, and the stock has generated a multibagger return of over 350 per cent in the past 2 years. 

Financial Performance

As per the Quarterly Results, in the first quarter of FY25, John Cockerill India Ltd recorded a revenue of Rs 93.29 crore. The operating profit for the period stood at Rs 0.58 crore. The net loss for Q1 FY25 was Rs 0.03 crore. Looking at the annual performance, the company generated a revenue of Rs 667 crore in FY24, compared to Rs 484 crore in FY23. The operating profit for FY24 was Rs 27 crore, with a net profit of Rs 22 crore.

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