Shayona Engineering lands fourth order since January listing
The ₹99.34 lakh supply order is the smallest of four disclosed post-IPO, but keeps the nano-cap's order momentum alive.
— 5 earlier stories on Shayona Engineering Ltd. →What's new
- Received purchase order for engineering components worth ₹99.34 lakh (incl. GST) from an undisclosed domestic customer.
- Order awarded on July 24; delivery within 45 days, payment due 45 days from receipt of material.
- This is the fourth disclosed order since the company's January BSE SME listing.
Why this matters
At about 2.1% of annual revenue, the order is not a step change, but it reinforces the post-IPO trend of consistent order wins for this nano-cap. The ex-works payment structure and 45-day delivery window keep cash conversion tight.
What we're watching
- Whether the company can maintain this order cadence through the rest of FY27.
- Any disclosure on the customer identity for revenue visibility.
- Margins on these smaller orders vs. the larger ₹2.58 cr contract won in June.
The full read
Shayona Engineering has announced its fourth order since its January IPO: a ₹99.34 lakh supply contract for engineering components from an unnamed domestic customer. It is the smallest of the four. Earlier orders were worth ₹1.67 crore, ₹2.58 crore, and ₹1.70 crore. For a nano-cap with ₹40 crore in annual revenue and a ₹55 crore market cap, even a lakh-level order matters. The 45-day delivery and 45-day payment terms keep working capital tight. The cadence, four orders in roughly two months, suggests the company is building post-listing credibility. The real test is whether the order flow scales up or stays at these sub-₹2 crore levels.
Questions answered
- How does this order compare to Shayona's previous orders?
- It is the smallest of the four orders announced since listing, following a ₹1.67 cr order (May), a ₹2.58 cr order (June), and a ₹1.70 cr order (July 10).
- Who is the customer and what is the order for?
- The customer is a domestic company not disclosed in the filing. The order covers supply of engineering components.
- What are the payment and delivery terms?
- Delivery is due within 45 days of the July 24 award date. Payment is on an ex-works basis, due 45 days from receipt of material.
- How significant is ₹99.34 lakh for Shayona Engineering?
- It represents roughly 2.1% of annual revenue (₹40.31 cr) and 1.6% of its market cap (₹55 cr), making it material for a company of this size.
Story so far
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