Railway Stock to Buy: Oriental Rail Infrastructure Ltd, a company manufacturing and supplying various products to Indian Railways, has received a big order for supplying wagons from the Railway Ministry. Due to this order, movement was seen in the stock of Oriental Rail Infra.
The stock had a positive start on Wednesday (13 March). However, it slipped under the pressure of profit booking.
This multibagger stock has given 200 percent returns to investors in the last 6 months alone.
Oriental Rail Infra: What Is The Order?
Oriental Rail Infra told the stock market that it has received an order to supply an additional 91 wagons from Indian Railways.
The order has increased from 2,964 to 3055 BOXNHL (Bogie Open Wagon Fitted) wagons. The price of the contract grew to the amount of Rs 1249 crore.
The company will supply till 31 August 2024. According to this contract,
90% will be received after the inspection certificate from RDSO while the remaining 10% will be released after testing the product.
Oriental Rail Infra: Stock Becomes Multibagger
Railway stock Oriental Rail Infra has been a multi-bagger for investors.
In the last 6 months alone, this stock has given 200 percent return to investors. In the last year, the share price has increased by more than 400%.
This stock has jumped 54 percent in 3 months. The 52-week highest price in the share is 302.40 and its low is 33.50.
The market value that the business had on BSE was higher than 1,374 crores. On Wednesday, trading in Oriental Rail Infra shares started at Rs 254.90.
The share closed at Rs 242.80 on March 12, 2024.
About Oriental Rail Infrastructure
Oriental Rail Infrastructure Limited is an open-listed public company, which was established on March 8, 1991.
The business can be classified as a public-limited corporation and is located in Thane, Maharashtra. The authorized share capital is INR 10.00 cr. The total capital paid up is 5.39 cr.
The company manufactures many types of accessories for railway coaches, Seats and berths for company rail coaches, shuttering plates, etc.
The company occupies 50% of the market of seats and berths in railway coaches. The company’s subsidiary manufactures goods train coaches for Indian Railways.
Fundamental Analysis of Oriental Rail Infrastructure
| Market Cap | ₹ 1,244 Cr. |
| Current Price | ₹ 231 |
| 52-wk High | ₹ 302 |
| 52-wk Low | ₹ 33.5 |
| Stock P/E | 70.5 |
| Book Value | ₹ 22.4 |
| Dividend | 0.00 % |
| ROCE | 5.93 % |
| ROE | 3.00 % |
| Face Value | ₹ 1.00 |
| P/B Value | 10.3 |
| OPM | 10.2 % |
| EPS | ₹ 3.27 |
| Debt | ₹ 309 Cr. |
| Debt to Equity | 2.56 |
Oriental Rail Infrastructure Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹255 | ₹276 |
| 2025 | ₹300 | ₹322 |
| 2026 | ₹354 | ₹376 |
| 2027 | ₹400 | ₹421 |
| 2028 | ₹435 | ₹476 |
| 2029 | ₹500 | ₹543 |
| 2030 | ₹550 | ₹576 |
Oriental Rail Infrastructure Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 57.85% |
| Mar 2023 | 57.85% |
| June 2023 | 57.85% |
| Sept 2023 | 57.85% |
| Dec 2023 | 57.85% |
| Public Holding | |
| Dec 2022 | 42.15% |
| Mar 2023 | 42.14% |
| June 2023 | 42.15% |
| Sept 2023 | 42.15% |
| Dec 2023 | 42.14% |
| FII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.02% |
Oriental Rail Infrastructure Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 139Cr |
| 2020 | ₹ 267Cr |
| 2021 | ₹ 220 Cr |
| 2022 | ₹ 172 Cr |
| 2023 | ₹ 475 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 12 Cr |
| 2020 | ₹ 24 Cr |
| 2021 | ₹ 15 Cr |
| 2022 | ₹ 16 Cr |
| 2023 | ₹ 18 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 3.03 |
| 2020 | 2.47 |
| 2021 | 1.76 |
| 2022 | 1.64 |
| 2023 | 2.66 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | -23% |
| 3 Years: | -49% |
| Current Year: | 14% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 18% |
| 3 Years: | 12% |
| Last Year: | 3% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 20% |
| 3 Years: | 7% |
| Current Year: | 86% |
Conclusion
This article is a complete guide about Oriental Rail Infrastructure Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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