162 per cent jump in net profit: This small-cap stock surged by more than 34 per cent over the past 5 days!

The company has delivered stellar returns of 69 per cent over the past year and returns of 62 per cent over the past 3 years.

Tasty Bite Eatables is a prominent producer of natural and ethnic vegetarian packaged and ready-to-eat/serve (RTE) food items, primarily marketed under the "Tasty Bite" brand across the United States of America, Australia, the United Kingdom, Germany, and Canada. The company offers an extensive range of products, including entrees, ready-to-cook sauces, organic rice, and whole-grain preparations.

Additionally, Tasty Bite Food Service (TFS) collaborates with key players in the foodservice industry, delivering innovative solutions in sauces, meals, and frozen food categories. The "Xclusive" line of snacks, crafted from grains and vegetables infused with an array of global spices, adds another dimension to their product portfolio.

Tasty Bite Eatables Ltd recently announced their Q1FY24 results in which sales of the company surged by 29 per cent and stood at Rs 154 crore as compared to Q1FY23, while operating profit of the company grew by 135 per cent as against to Q1FY23. Similarly, net profit of the company jumped by 162.5 per cent as against to Q1FY23. Furthermore, the company has been able to grow its sales by 10 per cent (CAGR) and net profit has grown by 3 per cent (CAGR) for the same period.

The company has delivered stellar returns of 69 per cent over the past year and returns of 62 per cent over the past 3 years. Moreover, the company has a ROCE of 13.7 per cent and a ROE of 13.1 per cent.

On Thursday, shares of the company surged by more than per cent and traded at its 52-week high of Rs 19,867.10. Additionally, the scrip had a spurt in volume by more than 5.13 times.

Investors should keep a close eye on this trending small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.