Stock engaged in the manufacturing and fabrication of metal products used in pipe support systems, fasteners, anchors, and many more hit a 2 percent upper circuit in the day’s trade upon receiving new work orders worth Rs. 52.90 Crores for a water irrigation project.
Price Action (WA:ACT)
With a market capitalization of Rs. 852.38 Crores, the shares of Tembo Global Industries Ltd (NS:TEMB) hit a 2 percent upper circuit in the day’s trade at Rs. 767.65 per equity share, from its previous day’s close price of Rs. 752.60.
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What Happened
Tembo Global Industries Limited specializing in engineering, mechanics, design, and project execution has received a new work order from a domestic client for the supply of DI Pipes for a water irrigation project for a consideration of Rs. 52.90 Crores, and it is to be executed within 12 months.
This development further strengthens the company’s position in sectors such as oil and gas, chemicals, construction, power, shipbuilding, nuclear power, HVAC, anti-vibration systems, as well as industrial, commercial, utility, and OEM installations.
About the Company
Tembo Global Industries Limited is engaged in the manufacturing and fabrication of metal products used in pipe support systems, fasteners, anchors, heating, ventilation, and air conditioning (HVAC), anti-vibration systems and equipment for industrial, commercial, utility and OEM installations.
Tembo Global Industries Limited operates in Manufacturing Engineering Products and textiles and is expanding into Defence Products and Solar Power.
Tembo Global Industries Limited has a strong order book of Rs. 1,200+ Crores and Its products include fire-fighting, MEP, HVAC, oil and gas, drainage, anti-vibration solutions, fastener solutions, anchoring solutions, and many others.
Financials & Ratios
Its revenue from operations grew by 44 percent from Rs. 114 Crores in Q2FY24 to Rs. 164 Crores in Q2FY25, accompanied by profits of Rs. 5 Crores to Rs. 15 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 31.86 percent, and a return on capital employed (ROCE) of 14.56 percent. It has reported a debt-to-equity ratio of 2.69.
Written by: Bharath K.S
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