Shree Marutinandan lands ₹2.24 cr order from Arvind group company
The order, valued at 10.2% of the company's market cap, covers plumbing and piping work at an Arvind site with 95% payment due in 30 days.
— 3 earlier stories on Shree Marutinandan Tubes Ltd. →What's new
- Shree Marutinandan Tubes won a ₹2.24 cr work order from Value Fashion Retail, an Arvind group company.
- The order covers plumbing, compressed air, steam and condensate piping work; delivery by July 23, 2026.
- Payment terms: 95% within 30 days, 5% retention after 12-month defect liability period.
Why this matters
At 10.2% of market cap, this single order is material for the nano-cap, though only 1.5% of annual revenue. The counterparty, a large and reputed retail chain, lowers execution risk and adds credibility to the order book.
What we're watching
- Whether the company can sustain this pace of order wins; it landed a ₹42.5L fire-fighting order just two weeks ago.
- Execution timeline: delivery in one month from award.
- Flow of fresh orders from the Arvind group or other large retailers.
The full read
Shree Marutinandan Tubes has landed a ₹2.24 crore work order from Value Fashion Retail, an Arvind group company. This is its second order win in two weeks. The order covers plumbing, compressed air, steam and condensate piping at an Arvind site, to be delivered by July 23, 2026, with 95% payment within 30 days. At 10.2% of the company's ₹22 crore market cap, this is a material event for the nano-cap, even though it accounts for only about 1.5% of annual revenue. The counterparty's strong reputation reduces execution risk. The stock trades at a trailing P/E of 6.2 with low debt. The next test is whether the company can convert this order into a steady revenue stream from the Arvind group.
Questions answered
- How large is this order relative to Shree Marutinandan's size?
- The ₹2.24 crore order equals 10.2% of the company's ₹22 crore market capitalisation, making it a highly significant event for the stock. However, it represents only about 1.5% of annual revenue of ₹149.31 crore (FY26).
- Who is the counterparty and why does it matter?
- Value Fashion Retail is part of the Arvind group, a large and reputed enterprise. This reduces the risk of non-payment or execution issues compared with smaller or unknown clients.
- What are the payment and warranty terms?
- 95% of the order value is payable within 30 days of delivery. The remaining 5% is retained until the expiry of the 12-month defect liability period. There is also a six-month warranty period.
- Is this a related party transaction?
- No. The company stated the order is in the ordinary course of business and not a related party transaction.
- How does this compare to previous orders?
- On June 10, 2026, Shree Marutinandan won a ₹42.5 lakh fire-fighting order from Acline Projects. The latest order is more than five times larger and from a more high-profile client.
- What is Shree Marutinandan's recent financial performance?
- For FY26, the company reported standalone revenue of ₹149.31 crore, a 31% year-on-year increase, and net profit of ₹3.58 crore. In the March 2026 quarter, sales were ₹72 crore and net profit ₹3 crore.
Shree Marutinandan Tubes Ltd.
Latest quarter · Mar 2026
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Story so far
All notes on SHREE →- 23 Jun 2026 · 1:29 PM IST Shree Marutinandan lands ₹2.24 cr order from Arvind group company
- 13d ago Shree Marutinandan wins ₹42.5L fire-fighting order in Jammu & Kashmir
- 28d ago Shree Marutinandan Tubes reports 31% revenue growth for FY2026
- 28d ago Shree Marutinandan Tubes reports growth but clashes with its auditor