This wires and cable manufacturer bagged an order worth Rs 177,83,00,000, PAT surged by 1,400 per cent in FY24!
The contract has been awarded by a domestic entity for the domestic supply of power cables.
Incorporated in 1948, Delton Cables is a renowned manufacturer of cables, wires, and switchgear products.
Financial performance:According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 131.78 crore compared to Rs 80.50 crore and a net profit of Rs 6.31 crore compared to a loss of Rs 4.33 crore.
In FY24, the company reported a revenue of Rs 401 crore compared to Rs 272 crore and a net profit of Rs 15 crore, compared to a profit of Rs 1 crore in the previous year.
This wires and cable manufacturer bagged an order worth Rs 177,83,00,000, PAT surged by 1,400 per cent in FY24!
The stock has delivered a remarkable return of over 400 per cent to its shareholders in just 1 year.
This micro-cap cable and wire manufacturer has been awarded a significant contract by top EPC Companies, worth Rs 177.83 Crore, under the RDSS scheme for the supply of power cables over 2 years. The contract has been awarded by a domestic entity for the domestic supply of power cables. This order highlights the company’s expertise and capability in providing essential infrastructure solutions to meet the demands of top EPC Companies in the country.
Incorporated in 1948, Delton Cables is a renowned manufacturer of cables, wires, and switchgear products. The company boasts an impressive clientele including General Electric, ABB, Honeywell, Indian Oil, IRCTC, Larsen & Toubro, Reliance Petroleum, Tata Steel, BHEL, Siemens, JSW Steel, and BSNL, among others. Delton's diverse product portfolio encompasses wire and cables, as well as switchgear, catering to various user industries such as Oil & Gas, Telecommunication, Cement & Steel, Power & Mining, Railways, Water Treatment Plant, Sewage Treatment Plant, Energy, Premise Infra, Transportation, Aerospace, and Defence.
Also read: Is it a good time to book profits? If not, then when?
Share Performance:
On Tuesday, the company's stock closed at around Rs 394 per share representing a fall of around 3.16 per cent, with a market capitalisation of Rs 340.42 crore. Additionally, the stock has delivered a multibagger return of around 413 per cent in the past year.
Financial performance:
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 131.78 crore compared to Rs 80.50 crore and a net profit of Rs 6.31 crore compared to a loss of Rs 4.33 crore. In FY24, the company reported a revenue of Rs 401 crore compared to Rs 272 crore and a net profit of Rs 15 crore, compared to a profit of Rs 1 crore in the previous year.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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