3,000 per cent multibagger returns: Board likely to announce stock split and dividend soon this month!
The company's shares have delivered a multibagger return of around 176 per cent in the past two year.
PG Electroplast Limited (PGEL), the flagship company of the PG Group, is a leading and diversified Indian Electronic Manufacturing Services provider. It specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM), and Plastic Injection Molding, catering to over 50 leading Indian and Global brands.
Recent Update:
The company has informed its investors that it has scheduled a Board of Directors meeting for May 22, 2024, to address several key agenda items.
Firstly, they will review and approve the Audited Financial Results for the quarter and FY24.
Additionally, the board will consider and approve a proposal regarding the Stocks-Split of Equity Shares, contingent upon approval from shareholders and relevant authorities.
Lastly, the meeting will include discussions on the declaration of the Final dividend for FY24.
Share Performance:
At the start of the day, the stock opened at Rs 2250.20 and closed at Rs 2228.70 per share on the NSE. The stock has delivered impressive multibagger returns of around 54 per cent and 2,950 per cent over the past five years. The current market capitalization of the company stands at Rs 5,572 crore.
Financial Performance:
As per Quarterly Results in Q3 FY24, PGEL reported revenues of Rs 532 crore, reflecting a growth of 15.77 per cent YoY compared to the same quarter in the previous year, when the revenue stood at Rs 459 crore. The company posted an operating profit of Rs 42 crore for the quarter, in contrast to an operating profit of Rs 37 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 26 crore, compared to a net profit of Rs 17 crore in the same period last year.
The company’s ROCE and ROE are 17.3 per cent and 22 per cent while the shares are trading at a PE of 52.9 times in the market.
Investors must keep this Small-Cap stock on their radar.
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