248 Gas Stations: This multibagger small-cap company commissioned 13 more Auto LPG Dispensing Stations; share jumps 7 per cent!

The stock gave multibagger returns of 300 per cent in 3 years and over 4,000 per cent in 1 decade.

Confidence Petroleum India Ltd (BSE Scrip Code: 526829; NSE Scrip Code: CONFIPET) informed that the company in the progression of achieving its target has commissioned 13 new Auto LPG Dispensing Stations (ALDS) to cater to green fuel requirements of cars and auto rickshaws. With these 13 new locations, the strength of our ALDS stations number has reached from 235 to 248.

Confidence Petroleum India Ltd is engaged in manufacturing LPG cylinders and is also a supplier of auto LPG in India with its network of bottling plants and Auto LPG dispensing stations across India. It also supplies packed LPG cylinders and is also engaged in LPG bottling catering to industrial and commercial customers.

According to the financials, Confidence Petroleum has a market cap of over Rs 2,200 crore and has delivered good profit growth of 27.4 per cent CAGR over the last 5 years. The company is almost debt free and its current debt is Rs 6.97 crore. The stock has a PE of 20.8x, an ROE of 16 per cent and a ROCE of 18 per cent.

On Friday, one of the Top Gainers on BSE, shares of Confidence Petroleum surged 7.95 per cent to an intraday high of Rs 81.77 per share from its previous closing of Rs 75.76. At the closing bell, shares of the company were trading at Rs 79.10 per share, up 4.41 per cent with a spurt in volume by 2.06 times on BSE.

The stock gave multibagger returns of 300 per cent in 3 years and over 4,000 per cent in 1 decade. Investors should keep an eye on this Small-Cap stock.

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