Cranex
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Cranex Limited received a Letter of Award from Eastern Railway's C.W.M. Liluah for a ₹1.87 crore contract to manufacture, supply, install and commission an 80-tonne surface-type traverser. The order was scheduled for execution by 25 May 2027. Cranex reported FY26 revenue of ₹55.37 crore from its single manufacturing and installation segment. Its recent order announcements also included awards of about ₹16.03 crore from BHEL and NHPC in July, after a ₹6.30 crore order in April.
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Cranex Limited received a Letter of Award from Eastern Railway's C.W.M. Liluah for a ₹1.87 crore contract to manufacture, supply, install and commission an 80-tonne surface-type traverser. The order was scheduled for execution by 25 May 2027. Cranex reported FY26 revenue of ₹55.37 crore from its single manufacturing and installation segment. Its recent order announcements also included awards of about ₹16.03 crore from BHEL and NHPC in July, after a ₹6.30 crore order in April.
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Aug 27 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX - RECEIVES ORDER WORTH 18.7 MILLION RUPEES
Source text: ID:nBSE2qvL9X
Further company coverage: CRAN.BO
(([email protected];))
Aug 27 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX - RECEIVES ORDER WORTH 18.7 MILLION RUPEES
Source text: ID:nBSE2qvL9X
Further company coverage: CRAN.BO
(([email protected];))
Cranex Limited received a Letter of Award worth approximately ₹1.02 crore from North Central Railway, Jhansi, for the manufacture and supply of a 50-tonne electric overhead travelling crane and related accessories. The order was to be executed by 17 February 2028, and the company said the contract had no promoter or related-party interest.
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Cranex Limited received a Letter of Award worth approximately ₹1.02 crore from North Central Railway, Jhansi, for the manufacture and supply of a 50-tonne electric overhead travelling crane and related accessories. The order was to be executed by 17 February 2028, and the company said the contract had no promoter or related-party interest.
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Aug 19 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX - RECEIVES ORDER WORTH 10.2 MILLION RUPEES
Source text: ID:nBSE8Td6m6
Further company coverage: CRAN.BO
(([email protected];))
Aug 19 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX - RECEIVES ORDER WORTH 10.2 MILLION RUPEES
Source text: ID:nBSE8Td6m6
Further company coverage: CRAN.BO
(([email protected];))
July 21 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX - RECEIVES LETTERS OF AWARD FOR ORDERS WORTH 160.3 MILLION RUPEES
Source text: ID:nBSE9Y67ZK
Further company coverage: CRAN.BO
(([email protected];))
July 21 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX - RECEIVES LETTERS OF AWARD FOR ORDERS WORTH 160.3 MILLION RUPEES
Source text: ID:nBSE9Y67ZK
Further company coverage: CRAN.BO
(([email protected];))
Cranex Ltd. has received a Letter of Award from NHPC Limited for the upgradation and refurbishment of two 190/30/10 MT electric overhead traveling cranes at the Chamera Power Station Stage-I in Himachal Pradesh. The contract is valued at approximately ₹5.16 crore and is to be executed by 14 January 2027. The order marks Cranex’s entry into NHPC’s hydro-power crane maintenance segment, broadening its public-sector clientele beyond existing relationships with BHEL and Indian Railways. The transaction is domestic and has no promoter interest.
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Cranex Ltd. has received a Letter of Award from NHPC Limited for the upgradation and refurbishment of two 190/30/10 MT electric overhead traveling cranes at the Chamera Power Station Stage-I in Himachal Pradesh. The contract is valued at approximately ₹5.16 crore and is to be executed by 14 January 2027. The order marks Cranex’s entry into NHPC’s hydro-power crane maintenance segment, broadening its public-sector clientele beyond existing relationships with BHEL and Indian Railways. The transaction is domestic and has no promoter interest.
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July 20 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX - RECEIVES ORDER WORTH 51.6 MILLION RUPEES FOR UPGRADATION OF 2 EOT CRANES
Source text: ID:nBSE5fl4hN
Further company coverage: CRAN.BO
(([email protected];))
July 20 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX - RECEIVES ORDER WORTH 51.6 MILLION RUPEES FOR UPGRADATION OF 2 EOT CRANES
Source text: ID:nBSE5fl4hN
Further company coverage: CRAN.BO
(([email protected];))
Cranex Ltd. has been awarded a ₹10.87 crore contract by BHEL to manufacture and supply double‑girder EOT cranes with lifting capacity above 100 tonnes for the Sunni Dam Hydro Electric Project. The Letter of Award, received on 18 July, is a domestic order with delivery scheduled by 12 April 2027. The company said the transaction is at arm’s length and has no promoter interest. This hydro‑sector order broadens Cranex’s customer base within the BHEL ecosystem, following earlier thermal‑power crane contracts. The company’s order book has recently crossed the ₹100‑crore milestone driven by a series of wins in railways and power.
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Cranex Ltd. has been awarded a ₹10.87 crore contract by BHEL to manufacture and supply double‑girder EOT cranes with lifting capacity above 100 tonnes for the Sunni Dam Hydro Electric Project. The Letter of Award, received on 18 July, is a domestic order with delivery scheduled by 12 April 2027. The company said the transaction is at arm’s length and has no promoter interest. This hydro‑sector order broadens Cranex’s customer base within the BHEL ecosystem, following earlier thermal‑power crane contracts. The company’s order book has recently crossed the ₹100‑crore milestone driven by a series of wins in railways and power.
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Cranex Ltd. has secured fresh purchase orders worth approximately ₹18.52 crores from BHEL and Indian Railways for the supply of EOT cranes and related products. The orders include two 100-tonne cranes for BHEL's thermal power projects at Yamuna Nagar and Koradi, and four 5-tonne cranes for Eastern Railway and Banaras Locomotive Works. With this addition, the company's total order book has crossed ₹100 crores, marking a significant milestone for the nano-cap crane manufacturer. The orders are scheduled for delivery by mid-2027. Cranex also noted existing orders from BEML for railway projects including the Vande Bharat programme and defence sector contracts.
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Cranex Ltd. has secured fresh purchase orders worth approximately ₹18.52 crores from BHEL and Indian Railways for the supply of EOT cranes and related products. The orders include two 100-tonne cranes for BHEL's thermal power projects at Yamuna Nagar and Koradi, and four 5-tonne cranes for Eastern Railway and Banaras Locomotive Works. With this addition, the company's total order book has crossed ₹100 crores, marking a significant milestone for the nano-cap crane manufacturer. The orders are scheduled for delivery by mid-2027. Cranex also noted existing orders from BEML for railway projects including the Vande Bharat programme and defence sector contracts.
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May 12 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX LTD - RECEIVES ORDER FROM ICF CHENNAI FOR 40T EOT CRANE VALUED AT 20 MILLION RUPEES
Source text: ID:nBSE95njJz
Further company coverage: CRAN.BO
(([email protected];))
May 12 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX LTD - RECEIVES ORDER FROM ICF CHENNAI FOR 40T EOT CRANE VALUED AT 20 MILLION RUPEES
Source text: ID:nBSE95njJz
Further company coverage: CRAN.BO
(([email protected];))
April 20 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX LTD - RECEIVES PURCHASE ORDERS TOTALING 63 MILLION RUPEES
Source text: ID:nBSEG1GSZ
Further company coverage: CRAN.BO
(([email protected];))
April 20 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX LTD - RECEIVES PURCHASE ORDERS TOTALING 63 MILLION RUPEES
Source text: ID:nBSEG1GSZ
Further company coverage: CRAN.BO
(([email protected];))
March 17 (Reuters) - Cranex Ltd CRAN.BO:
RECEIVES PURCHASE ORDERS TOTALING 58.8 MILLION RUPEES
Source text: ID:nBSE3nPPRk
Further company coverage: CRAN.BO
(([email protected];))
March 17 (Reuters) - Cranex Ltd CRAN.BO:
RECEIVES PURCHASE ORDERS TOTALING 58.8 MILLION RUPEES
Source text: ID:nBSE3nPPRk
Further company coverage: CRAN.BO
(([email protected];))
Feb 10 (Reuters) - Cranex Ltd CRAN.BO:
RECEIVES PURCHASE ORDERS TOTALING 29.1 MILLION RUPEES
Source text: ID:nBSE36TyWg
Further company coverage: CRAN.BO
(([email protected];))
Feb 10 (Reuters) - Cranex Ltd CRAN.BO:
RECEIVES PURCHASE ORDERS TOTALING 29.1 MILLION RUPEES
Source text: ID:nBSE36TyWg
Further company coverage: CRAN.BO
(([email protected];))
Jan 20 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX LTD - COMPANY RECEIVES PURCHASE ORDERS TOTALING 74.3 MILLION RUPEES
Source text: ID:nBSE6rxPbT
Further company coverage: CRAN.BO
(([email protected];;))
Jan 20 (Reuters) - Cranex Ltd CRAN.BO:
CRANEX LTD - COMPANY RECEIVES PURCHASE ORDERS TOTALING 74.3 MILLION RUPEES
Source text: ID:nBSE6rxPbT
Further company coverage: CRAN.BO
(([email protected];;))
Aug 29 (Reuters) - Cranex Ltd CRAN.BO:
TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSE57ghfR
Further company coverage: CRAN.BO
(([email protected];))
Aug 29 (Reuters) - Cranex Ltd CRAN.BO:
TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSE57ghfR
Further company coverage: CRAN.BO
(([email protected];))
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What does Cranex do?
Cranex Ltd is a top crane manufacturer that focuses on high-tech cranes for defense, nuclear, space, railways, power plants, and government projects. They also develop quality software products and web-based solutions.
Who are the competitors of Cranex?
Cranex major competitors are Shining Tools, Atam Valves, Ema India, Acrow India, Cenlub Industries, Sona Machinery, Manugraph India. Market Cap of Cranex is ₹65 Crs. While the median market cap of its peers are ₹62 Crs.
Is Cranex financially stable compared to its competitors?
Cranex seems to be less financially stable compared to its competitors. Altman Z score of Cranex is 3.19 and is ranked 5 out of its 8 competitors.
Does Cranex pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Cranex latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Cranex allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Accounts Receivable
How strong is Cranex balance sheet?
Balance sheet of Cranex is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Cranex improving?
Yes, profit is increasing. The profit of Cranex is ₹2.5 Crs for TTM, ₹1.95 Crs for Mar 2025 and ₹1.5 Crs for Mar 2024.
Is the debt of Cranex increasing or decreasing?
Yes, The net debt of Cranex is increasing. Latest net debt of Cranex is ₹18.9 Crs as of Mar-26. This is greater than Mar-25 when it was ₹11.38 Crs.
Is Cranex stock expensive?
Cranex is not expensive. Latest PE of Cranex is 25.39, while 3 year average PE is 31.33. Also latest EV/EBITDA of Cranex is 18.04 while 3yr average is 20.32.
Has the share price of Cranex grown faster than its competition?
Cranex has given lower returns compared to its competitors. Cranex has grown at ~-33.03% over the last 2yrs while peers have grown at a median rate of -28.0%
Is the promoter bullish about Cranex?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 47.7% and last quarter promoter holding is 47.57%.
Are mutual funds buying/selling Cranex?
There is Insufficient data to gauge this.