Jaykay Enterprises Surges 4.84% on ₹139.48 Crore Ircon Contract Win

Mumbai, September 25, 2025: Jaykay Enterprises Ltd (BSE: 500306) shares surged by 4.84% to ₹211.20 as of 12:22 PM on Thursday after one of its joint ventures, J K Phillips LLP, bagged a contract from Ircon International Ltd. for ₹139.48 crore.

The contract entails advanced machinery design, supply, installation, commissioning, and delivery of advanced machinery training on CNC EDMs, CMM EDMs, and polymer/ metal 3D printers to MSME training institutes all over India. The time frame for execution is 240 days from September 24, 2025.

Jaykay Enterprises Ltd is among the constituents of the BSE SmallCap index and offers products in the Aerospace & Defense space. The company has gradually positioned itself in digital solutions in manufacturing via joint partnerships.

Stock Performance (as of 12:22 PM IST)

As of September 25, 2025, at 12:17 PM, Jaykay Enterprises shares were trading at ₹211.20 per share and gained 4.84%. The shares of Jaykay Enterprises Ltd had started trading at ₹222.00 per share and saw fluctuations from a low of ₹207.00 to a high of ₹224.50. The firm has reached a market cap value of ₹2,750 crore along with a price-to-earnings (P/E) ratio of 96.12. The share price over the past 52 weeks has ranged from a low of ₹88.00 to a high of ₹224.50.

New Turnkey Machinery Order for MSMEs from Ircon International

Ircon International Ltd., which is a Navratna PSU, has awarded a large turnkey contract to Phillips Machine Tools India Pvt. Ltd., which is Phillips Corporation’s subsidiary from the USA. The ₹139.48-crore (including GST) contract consists of the supply and training of state-of-the-art machinery with a vision to help micro, small, and medium enterprises (MSMEs). The contract must be completed within 240 days from 24 September 2025. This initiative represents a strategic joint effort to enhance technological capabilities across MSME segments

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/0756dbbd-eb00-403d-8f77-2788199bbb16.pdf

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