SMALLCAP ENGINEERING COMPANY IN THE NEWS AFTER WINNING KAVACH ORDER

has been awarded a significant contract worth Rs 575 crore by the Integral Coach Factory (ICF) in Chennai, aimed at advancing railway safety in India. The contract covers the supply, testing and commissioning of on-board KAVACH equipment (Version 4.0), a key element of Indian Railways’ automatic train protection framework. The execution of this contract is expected to be completed within 12 months during which the company will manage the entire project lifecycle. Having a market cap of Rs 21,345 lakh crore, the company's stock price is trading at an attractive P/E of 26. With strong ROCE and ROE of 27.3% and 20.6% respectively, the company remains to be a strong potential for long term investment.