20 per cent upper circuit and 52-week high alert: This multibagger electrical equipments company reports a 173 per cent jump in net profit!

The stock gave multibagger returns of 175 per cent in just 6 months, 500 per cent in 1 year and a whopping 2,765 per cent in 3 years.

Shilchar Technologies is engaged in the business of manufacturing electronics & telecom and power & distribution transformers, announced its Quarterly Results and half-yearly results for the fiscal year 2024. Here are the details:

Quarterly Results: In the second quarter of fiscal year 2024 (Q2FY24), the company's net sales, operating profit, and net profit all increased significantly compared to the same period in fiscal year 2023 (Q2FY23). The net sales increased by 77.93 per cent to Rs 106.28 crore, operating profit increased by 155.42 per cent to Rs 33.31 crore and net profit increased by 167 per cent to Rs 24.39 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: In the first half of fiscal year 2024 (H1FY24), the company's net sales, operating profit, and net profit all increased significantly compared to the same period in fiscal year 2023 (H1FY23). Net sales increased by 48.31 per cent to Rs 173.49 crore, operating profit increased by 157.35 per cent to Rs 55.79 crore, and net profit increased by 173 per cent to Rs 40.78 crore.

Earlier, the company ex-traded bonus issue of shares in the ratio 1:1 on September 09, 2023. The company has a market cap of Rs 1,836 crore and has delivered good profit growth of 49 per cent CAGR over the last 5 years. The shares of the company have an ROE of 42.8 per cent and an ROCE of 53.8 per cent.

On Monday, one of the Top Gainers on BSE, shares of Shilchar Technologies Ltd hit a 20 per cent upper circuit to trade at an intraday high and 52-week high of Rs 2,485.05 per share from its previous closing of Rs 2,070.90. At the closing bell, shares of the company were trading at Rs 2,407.40 per share, up 16.25 per cent with a spurt in volume by more than 4.25 times on BSE.

The stock gave multibagger returns of 175 per cent in just 6 months, 500 per cent in 1 year and a whopping 2,765 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

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