| Market Cap | ₹241.56 CrSmall Cap |
|---|---|
| Revenue Growth | 31.25%Annual YoY |
| Day RSI | 64.64Neutral Zone |
| Order from | North Western Railway, Jaipur, Rajasthan |
| Execution period | 24 months |
| Deal value | ₹24.15 Cr |
| Share of market cap | 10.0% |
| Share of annual revenue | 19.6% |
Key highlights
- Total contract value stands at ₹24.15 crore inclusive of relevant taxes
- Order awarded by the Office of the Principal Chief Materials Manager, North Western Railway, Jaipur
- Scope involves the manufacture and supply of Composite Grooved Rubber Sole Plates (CGRSP)
- Execution timeline is set at 24 months from the date of acceptance
- The order value represents approximately 19.6% of the company's FY24 operating revenue
What Is the Order?
Ameenji Rubber Limited has received a formal Letter of Acceptance from the North Western Railway, based in Jaipur, Rajasthan. The contract entails the manufacture and supply of Composite Grooved Rubber Sole Plates, which are essential components used in railway track assemblies to provide cushioning and electrical insulation. The total value of the order is ₹24,15,37,849.
This project is designated for completion within a 24-month timeframe, providing the company with clear revenue visibility through the next two financial years. The order is domestic in nature and involves no interest from the company's promoter group.
Client and Strategic Impact
The awarding entity, North Western Railway, is a key zone of the Indian Railways network, overseeing critical infrastructure across several northern states. Securing this contract reinforces Ameenji Rubber's status as an established supplier to the national transporter. With an annual operating revenue of ₹123.25 crore, this single order of ₹24.15 crore constitutes a significant addition to the company's top-line potential.
The successful acquisition of this tender demonstrates the company's competitive standing in the specialized rubber products market, particularly within the highly regulated railway supply chain where technical compliance is paramount.
Financial and Market Context
Ameenji Rubber currently operates with a TTM Price-to-Earnings ratio of 38.11, compared to the broader sector average of 34.42. The company's annual net profit for the previous fiscal stood at ₹6.34 crore, reflecting a 21.09% decline despite a robust 31.25% growth in revenue. On the technical front, the stock shows positive momentum with a Momentum Score of 67.06 and is trading above several key moving averages, including the 50-day and 200-day SMA.
The company maintains a strong promoter holding of 67.71%, with no pledged shares reported in the latest quarter.
Business Overview
- Ameenji Rubber specializes in manufacturing high-performance rubber products for the infrastructure and automotive sectors
- Key product segments include bridge bearings, rubber sole plates, and various industrial rubber components
- The company operates a manufacturing facility in Kucharam Village, Telangana, and is headquartered in Secunderabad
- Ameenji holds approvals from bodies like the RDSO, which are mandatory for supplying critical components to Indian Railways
- The firm recently transitioned from a private limited to a public limited entity to support its growth and expansion objectives
| Share price | ₹214.15 |
|---|---|
| Market capitalisation | ₹241.56 Cr |
| Revenue (annual) | ₹123.25 Cr |
| Net profit (annual) | ₹6.34 Cr |
| P/E (TTM) | 38.11×Sector 34.42× |
| Promoter holding | 67.71% |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Ameenji Rubber Limited announcing the receipt of a Letter of Acceptance from North Western Railway. Market figures from a third-party data provider.
