Admach Systems Limited has informed the exchange regarding Press release for receipt of work order from Jalaixmi Alloy Steels Pvt. Ltd.
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Awaiting price reaction for this filing.
Admach Systems has secured two new orders worth approximately ₹18.11 crore (inclusive of GST) from Jalaixmi Alloy Steels Pvt. Ltd., a domestic steel company based in Chhattisgarh. The scope covers design, engineering, manufacturing, installation, and commissioning of a complete Bar (Round & Square) Finishing Line along with Ultrasonic Testing (NDT) machinery, with execution targeted by 15 July 2026. Following this win, the company's total order book stands at around ₹67.50 crore, providing strong revenue visibility. For context, the company's FY25 revenue was about ₹53.36 crore, meaning this single order represents roughly a third of last year's annual revenue. The order book figure of ₹67.50 crore is also more than 1.25x its FY25 revenue base.
Positive for the stock — this is a sizeable order (~34% of FY25 revenue) that materially strengthens the order book and provides revenue visibility for the next couple of quarters. It signals continued demand traction in the steel engineering solutions space, though execution within the ~6-month timeline remains the key thing for investors to watch.