2 Microcap stocks jump up to 5% after solar project deal and Tata Group order

Synopsis: Two microcap stocks, Zodiac JRD-MKJ and Trom Industries, gain attention with major orders for automotive components and multiple solar power projects with an aggregate order value of Rs 45 crore, boosting growth.

In India’s rapidly evolving industrial landscape, two microcap companies have grabbed attention after securing orders worth upto Rs 25 Crores. Operating in consumer durables and electrical equipment, these firms, backed by deals spanning solar power projects and components for Tata vehicles, highlight the rising technical capabilities of domestic manufacturers.

Here are the 2 stocks with significant orders

Zodiac-JRD-MKJ Ltd 

Zodic-JRD-MKJ Limited was incorporated on January 6, 1987, and operates in only one business segment viz. sale and trading of Gold & Diamond jewellery, cut & polished Diamonds, Precious Stones & Semi Precious Stones. 

With a market capitalization of Rs 44 crore, the shares of the company made a day high of Rs 40.49 per share, up by 5.1 percent from its previous day’s close. The share trades at a high P/E ratio of 70.8x, way above its industry P/E.

Zodiac JRD-MKJ Ltd has shared that its subsidiary, VEM Plastic Molding Pvt. Ltd., has landed a major order from SIPRADI YATRI P. Ltd. in Nepal. The deal, worth Rs 10 crores, is for  injection Molding Tooling of Panels   for the P‑2 scooter. This marks a strong step into the international market and highlights the company’s growing expertise in advanced plastic tooling for the automotive industry.

On the domestic front, VEM Plastic Molding has also secured a three‑year contract with Magna Automotive India, a key supplier to Tata Motors. Under this agreement, the company will provide plastic components, including side door latches for Tata SUVs like the Sierra, generating steady annual revenue of Rs 3 crores (Rs 9 crore for 3 years). Together, these orders are expected to give a healthy boost to the subsidiary’s operations and strengthen the overall performance of the firm

Trom Industries Ltd

Incorporated in 2011, Trom Industries Ltd is an ISO 9001 and 14001 certified engineering, procurement and construction company specialising in residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lights. 

With a market capitalization of Rs 67.77 crore, the shares of the company made a day high of Rs 80 per share, up by 3.8 percent from its previous day’s close. The share trades at a high P/E ratio of 13.9 x, lower than that of its industry P/E. Trom Industries Limited received an order of Rs 25.78 crore (inclusive of GST) from Vimal Electronics, with the supply expected to be completed as soon as possible. 

This domestic contract involves the supply, installation, testing, and commissioning of three separate solar power plants located in the Bikaner district of Rajasthan. Specifically, the projects will be situated at Dheerera (Teh – Lunkaransar), Suratsinihpura (Teh – Bikaner), and Nandla (Teh – Hada), with each site featuring a 2MW AC GSS solar power plant.

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