Cranex stock jumps 6% after receiving orders from BHEL and Indian Railways

Synopsis: After receiving 6 orders from different government companies, a crane manufacturer saw its stock surge by more than 6 percent. The total value of all the orders stand at Rs 7.42 Crore.

A microcap engineering manufacturer who specializes in cranes saw its stock surge soon after the company announced a list of orders they have received in recent times. The list of orders include big names such as BHEL,  Southern Railway and South East Central Railway. The combined value of all the 6 orders stand at Rs 7.42 Crore.

With a market cap of Rs 40 Cr, Cranex Ltd saw its stock hit an intraday high of Rs 62 which is 6 percent higher than the previous close of Rs 58. The stock has given a compounded return of 25 percent in the past 3 years.

News

Cranex Limited has secured two domestic purchase orders from BHEL Haridwar for the supply of 50/10T Double Girder EOT Cranes, reinforcing its position in the industrial crane manufacturing segment. Each order is valued at approximately Rs 1.56 crore, taking the combined value to about Rs 3.12 crore. The orders are scheduled for execution by June 2026 with one being on 13th June 2026 and the other on 17th June 2026.

South East Central Railway of Bilaspur has given the company a purchase order for five units of 15/5T Main Hoist and Auxiliary Hoist systems. The order is valued at Rs 2.87 crore with the execution timeline extending to January 2027, moreover specifying that the order has to be executed by 25th January 2027.

Cranex Limited has secured two domestic orders from BHEL Jhansi, covering both manufacturing and service-related work. The first order involves the supply of two driving and six non-driving wheels, with this order being valued at around Rs 35.75 lakh, and is expected to be executed by 6th May 2026. The second order is for the shifting of 10T and 125T EOT cranes between shop bays, this order is valued at Rs 33.50 lakh, and is expected to be completed by 2nd January 2027.

The company also received a purchase order from Southern Railway, Kerala, for the supply of two 25-ton EOT cranes along with a coach lifting tackle. The order is valued at approximately Rs 75.06 lakh and is scheduled to be completed by 26th June 2026. 

The total sum of these orders stand at Rs 7.42 Crore. These order further strengthens Cranex’s footprint in the Indian Railways segment and highlights its expertise in heavy material handling solutions 

Financials

Cranex Ltd, incorporated in 1973, manufactures and sells cranes and parts, and offers maintenance services including after-sales support and reconditioning. Headquartered in Uttar Pradesh, the company serves major government and private clients across India including L&T, BPCL, Maruti Suzuki, BHEL, BEL, HAL and Indian Oil.

In the latest quarter the company saw a YoY revenue growth of 1 percent, going from Rs 13.2 Cr in Q2FY25 to Rs 13.4 Cr in Q2FY26, while the QoQ went up by 49 percent from Rs 9 Cr in Q1FY26. The YoY Net Profits fell by 5 percent, from Rs 70 Lakh in Q2FY25 to Rs 66 Lakh in Q2FY26, while the QoQ growth stood at 175 percent from Rs 24 lakh in Q1FY26. The company has a 3 year Sales CAGR of 9 percent, while the TTM is a negative 14 percent.  The 3 year Profit CAGR is at 35 percent, while the TTM is only 4 percent. 

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