Penny Stock Cranex Surges After Securing ₹20.2 Cr Orders from BHEL, Indian Railways and More
Cranex Surges: In a promising development for investors, Cranex Limited, a lesser-known penny stock, saw its shares jump over 4% intraday on Friday after the company announced it had secured six major purchase orders worth ₹20.2 crore. These orders come from high-profile public sector clients including BHEL, Indian Railways, and others, igniting fresh investor interest in the small-cap engineering firm.
🚀 Strong Order Book Drives Stock Momentum
Cranex Limited, a Delhi-based manufacturer of industrial cranes and lifting solutions, announced via BSE filings that it had bagged multiple orders for its customized crane solutions and mechanical systems. These orders reaffirm the company’s position as a trusted partner in defense, space, power plants, and railway infrastructure.
Here’s a breakdown of the latest orders:
| Client | Order Description | Value (₹ Cr) | Delivery Deadline |
|---|---|---|---|
| South Eastern Railway (Kharagpur) | Goliath Crane (15T capacity) | ₹2.15 Cr | 24 Feb 2026 |
| BHEL Jhansi | 150T Lifting Platform | ₹0.998 Cr | 2 Sep 2025 |
| Patiala Locomotive Works | Two 65T EOT Cranes | ₹2.82 Cr | 27 Mar 2026 |
| North Western Railway (Ajmer) | Two Automatic Turn Tables | ₹0.271 Cr | 1 Jul 2025 |
| Southern Railway (Perambur) | 10T EOT Crane | ₹0.432 Cr | 13 Jul 2026 |
| BHEL Noida | Two 125/25T & Two 25T EOT Cranes | ₹13.5 Cr | 1 Mar 2026 |
| Total | ₹20.2 Cr |
The largest order worth ₹13.5 crore came from BHEL Noida, showcasing continued trust in Cranex’s heavy lifting infrastructure and long-standing legacy.
📉 Recent Stock Performance: A Mixed Bag
Despite the positive development, Cranex’s stock has seen volatility:
- 1-Month Performance: ▼ 9%
- 1-Year Performance: ▼ 11%
- Current Market Cap: ₹53.2 Cr
- Friday Closing Price: ₹81 (▲ 3% from ₹78.86)
Even with recent underperformance, the stock found renewed momentum after the order announcement, trading in the green as investors bet on future revenue visibility.
📊 Financial Snapshot & Key Ratios
While the company is seeing traction in orders, it is still facing challenges on the financial front. Below is a summary of the latest financial metrics:
| Metric | Value |
|---|---|
| Market Capitalisation | ₹53.2 Cr |
| Current Price (BSE) | ₹81.0 |
| 52-Week High / Low | ₹190 / ₹77.0 |
| Stock P/E | 28.5 |
| Book Value | ₹19.9 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 10.1% |
| Return on Equity (ROE) | 14.8% |
| Face Value | ₹10.0 |
🏭 About Cranex Limited
Founded in 1973, Cranex Limited specializes in designing, manufacturing, and maintaining a wide range of crane systems such as EOT, HOT, Goliath, JIB Cranes, and Winches. These systems are extensively used in strategic sectors like:
- Indian Railways
- Defence
- Space Agencies
- Power Plants
- Heavy Manufacturing Units
The company operates with a compact market cap of just over ₹50 crore but has made its mark by continuously serving marquee government clients.
📉 Financial Performance: Q3 FY25 vs Q3 FY24
Despite the positive sentiment, the company’s revenue and profits have taken a hit:
- Revenue from Operations:
▼ 35% YoY → ₹11 Cr in Q3 FY25 vs ₹17 Cr in Q3 FY24 - Net Profit:
▼ 10% YoY → ₹0.09 Cr vs ₹0.1 Cr
This contraction could be due to project execution delays or lower order billing in the reported quarter. However, the fresh orders worth ₹20 Cr provide much-needed future revenue visibility.
📌 Final Take
Cranex Limited may be a small-cap penny stock, but its association with government-backed giants like BHEL and Indian Railways lends it both credibility and growth potential. The recent ₹20.2 Cr order inflow could signal a turnaround, especially if the company manages to execute them efficiently and improve its quarterly financials.
❓Frequently Asked Questions (FAQs)
Q1. Why did Cranex stock rise on Friday?
Cranex shares jumped over 4% intraday after the company announced it had secured ₹20.2 Cr worth of purchase orders from BHEL, Indian Railways, and others.
Q2. What are the recent orders Cranex received?
The company received six orders, the largest being a ₹13.5 Cr order from BHEL Noida. Others came from South Eastern Railway, BHEL Jhansi, and more.
Q3. Is Cranex a profitable company?
While Cranex is profitable, its net profit declined from ₹0.1 Cr in Q3 FY24 to ₹0.09 Cr in Q3 FY25. Margins remain thin, but the order book could help.
Q4. What is the current market cap and share price of Cranex?
As of the latest update, Cranex has a market cap of ₹53.2 Cr and is trading at ₹81 per share on the BSE.
Q5. Is Cranex a good long-term investment?
The stock has delivered negative returns in the last year but shows potential due to recent orders and its niche in government projects. Investors should watch for earnings consistency.
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