1:10 Stock Split, 334% Gain In 180-Days: Small Cap Hidden Gem Bags Order From Indian Railways

Small cap company Oriental Rail Infrastructure Ltd shares witnessed a rally of 103% in last 1-year and 390% in last 1-year. Oriental Rail Infrastructure today received an order from Integral Coach Factory (ICF), Chennai, Indian Railways. Recently, ace investor Mukul Agarwal picked stake in the company.

Oriental Rail Infrastructure shares witnessed surge of 102% in last 3-months and rallied 390% in last 1-year only. Last trading price of Oriental Rail Infrastructure shares on BSE is Rs 272.30 apiece with intraday fall of 1.59%. Check details below:

Oriental Rail Infrastructure Bags Order From Indian Railways: The BSE filing dated today said, "We wish to inform you that Oriental Rail Infrastructure Limited has secured orders worth Rs. 12,79,86,280.91/- ( Rupees Twelve Crore Seventy-Nine Lakhs Eighty-Six Thousand Two Hundred Eighty and Ninety-One Paise only) from 'Integral Coach Factory (ICF), Chennai, Indian Railways'."

Delivery is to be made to ICF: Furnishing Depot. Further, 90 % of payment to be received against Inspection Certificate issued by the nominated inspection agency as specified in the contract and proof of dispatch/delivery of the material and Balance 10 % after receipt, inspection and acceptance of the goods, added the exchange filing of Oriental.

Mukul Agrawal Picks Stake: Earlier, Oriental Rail Infrastructure on February 22, 2024 informed BSE that the Board of Directors approved allotment of 50.56 lakh equity shares and 75 lakh warrants convertible into an equivalent number of equity shares. According to the BSE filing, 29 investors took part in the allotment and one of them was leading investor Mukul Agrawal. Mukul Agrawal has been allotted 34 lakh shares at the price of Rs 169.

The BSE filing stated, "The Board of Directors of the Company at their Meeting held on today i.e. Thursday, February 22, 2024 has considered and approved the followings:
1. Allotment of 75,00,000 Warrants convertible into equivalent number of equity shares of face value Rs. 1/- at a price of Rs. 169/- (including premium of Rs. 168.00/-) on Preferential Basis to Promoter/Promoter Group category.
2. Allotment of 50,56,000 Equity shares at a price of Rs. 169/- each (including face value of Rs. 1/- each at a premium of Rs. 168/- each) on Preferential Basis to Non- Promoter Group Category."

Oriental Rail Infrastructure Ltd Stock Split History: It split the face value 1 time since November 14, 2018. Oriental Rail Infrastructure had last split the face value of its shares from Rs 10 to Re 1 in 2018.The share has been quoting on an ex-split basis from November 14, 2018, according to Trendlyne.

Oriental Rail Infrastructure Financials: The company for the quarter ended December 31, 2023 declared its net profit at Rs 12.51 crore, up 531.11% as compared to Rs 1.98 crore in the corresponding quarter of last year. Its net sales for the December 2023 quarter declared at Rs 146.58 crore, up 37.92% from Rs 106.28 crore in December 2022. The company's EBITDA stood at Rs 24.58 crore in December 2023, up 168.63% from Rs 9.15 crore in December 2022. The company's EPS soared to Rs 2.32 in December 2022 from Re 0.37 in the similar quarter of last year.

Oriental Rail Infrastructure Shares Performance & Return: The 52-week high price of Oriental Rail Infrastructure shares on BSE is Rs 302.40 apiece and 52-week low price is Rs 33.50 apiece, respectively. The company has a market capitalisation of Rs 1,467.78 crore. Oriental Rail Infrastructure shares witnessed surge of 333.67% in last 6-months, soared 390% in last 1-year, and offered return of 564% in last 5-years. In last 10-years, Oriental Rail Infrastructure shares skyrocketed 3904%.