Synopsis: Remi Edelstahl Tubulars jumped nearly 10% after winning a Rs 25.31 crore wastewater project order from a global EPC firm, giving the company better revenue visibility and strengthening its presence in environmental infrastructure.
The shares of this company, which is engaged in the manufacturing of stainless steel pipes & tubes and has evolved into a trusted supplier for critical industries such as oil & gas, petrochemicals, power generation and many more, had its shares in momentum today after the company announced an order it bagged from a renowned MNC EPC organisation for wastewater treatment infrastructure.
With the market cap of Rs 165 crore, the shares of Remi Edelstahl Tubulars Ltd have gained about 10% and reached a high at Rs 147.90, compared to their previous day’s closing price of Rs 134.55. The shares are trading at a PE of 66.4, whereas its industry PE is at 22.1, and the shares have given a return of almost 650% over the last 5 years.
About the order
Remi Edelstahl Tubulars Limited has bagged an order of Rs 25.31 crores to supply stainless steel welded pipes for a wastewater treatment project with the objective of environmental improvement. This order has been received from a renowned MNC EPC organisation, which was received in the ordinary course of business.
Business-wise, this new order reaffirms Remi’s involvement in the water & environment infrastructure sector, which is characterised by increasing capex expenditures resulting from more stringent regulations and sustainability drives by various authorities. Such projects would mean complex process requirements, which would benefit companies like Remi in enhancing their technical qualifications, thus facilitating repeat business with giant EPC contractors.
From an operational standpoint, the order provides visibility of revenue streams and use of capacity within the current balance sheet, since the order is within the company’s current capacity. Though not a significant order, steady received orders of this nature are helpful from the standpoint of generating momentum in operational effectiveness for the medium term.
The revenue from operations for the company stood at Rs 33.45 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 31.95 crores, up by about 5 per cent YoY. However, the net profit stood at Rs 1.03 crore in Q2 FY26, down compared to the Rs 1.26 crore profit in Q2 FY25
The customer profiling emphasises that it has a robust and diversified customer base with major public sector undertakings, private corporates, and international EPC majors such as BOC (Linde Group), Dresser-Rand (Siemens Energy), GNFC, IFFCO, Gujarat Gas, GAIL, Thermax, Alstom, Indian Oil, BHEL, NTPC, Tata Group, Reliance Industries, HPCL, L&T, Middle East utilities, and more.
The presence of these big players signifies trust and trustworthiness, with a focus on execution capabilities, quality delivery, and existing relationships with customers, thereby diverting attention from customer concentration risk and ensuring a continuous flux of orders based on infrastructure development, energy, fertiliser, and oil & gas.
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