Engineering Stock To Consider 1st Ever Stock Split Soon After 2200% Return In 5 Years

 Since 2017, Jash Engineering, a public limited company, has been listed on the Indian National Stock Exchange (NSE). In addition to producing an extensive variety of equipment for power plants, steel, cement, paper and pulp, petrochemicals, chemicals, fertilisers, and other process plants, Jash Engineering Limited also manufactures equipment for stormwater pumping stations, desalination plants, water transmission lines, and water and sea water intake systems.



In order to analyse and approve the unaudited quarterly financial reports for the period ending in June 2024, as well as discuss and approve stock split and other company-related subjects, Jash Engineering Limited has announced that a board meeting is set for August 8, 2024.

The firm recently revealed on July 10, 2024, that orders of Rs. 57 Cr were received in June 2024; orders worth Rs. 25 Cr were for the Indian market, while orders worth Rs. 32 Cr were for global markets. The foreign market's Astra Engineering in Thailand and Cleveland County Water Crest Gate in the USA, in addition to VA Tech Wabag in Chennai and Triveni Engineering & Industries in Noida, India, are the primary contributors to the monthly order booking of June 2024.

According to JASH Engineering, as of July 1, 2024, the company's whole consolidated order book position was Rs. 860 Cr, of which Rs. 304 Cr were for the Indian market and Rs. 556 Cr were for markets outside of India. The consolidated orders for global markets total Rs. 556 Cr; and 357 Cr are for the USA market, 20 Cr are from Waterfront-UK, and the remaining Rs. 179 Cr are for the rest of the world. Waterfront-UK has an order booking of Rs. 25 Cr, of which it owns 80% shareholding. 

"As on 1st July 2024, consolidated orders worth Rs. 21 Cr have been negotiated with clients and formal purchase orders are awaited. Out of this Rs. 12 Cr are for the Indian market and Rs. 9 Cr are for projects outside India. After negotiating an order, it may take up to 2 months to receive a formal Purchase Order from the client. Once a Purchase Order is received, we remove its value from the list of "negotiated orders" and move it to list of order received in a given month and add it to the total outstanding consolidated order book position of the Company," said JASH Engineering in NSE filing.

On Friday, the shares of JASH Engineering closed 1.55% lower at Rs 2,398 apiece. The engineering stock reached a 52-week-high of Rs 2,552.00 on (18-May-2024) and a 52-week-low of Rs 1,205 on (03-Aug-2023).




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