400 per cent returns: This small-cap multibagger stock announces robust Q1FY24 results!
The company has delivered returns of 50 per cent over the past year and returns of 425 per cent over the past 3 years.
Ajmera Realty & Infra India Limited (ARIIL) is a well-established company with a nationwide presence. It holds vast development potential in its land parcels at Ajmera I-Land, Bhakti Park, Wadala, and Central Mumbai. The company is currently working on various projects in Mumbai and Bengaluru, focusing on luxury and mid-luxury residential developments. ARIIL values trust and strives to make reliable decisions for its buyers. The company's GenNext follows the principle of "KEEP EVOLVING," adapting strategies, systems, processes, and advanced technologies to deliver value to all stakeholders.
Ajmera Realty & Infra India Limited recently announced their stellar Q1FY24 results in which sales of the company surged by 123 per cent and stood at Rs 116 crore as compared to Q1FY23, while operating profit of the company surged by 146 per cent to Rs 37 crore as compared to Q1FY23. Similarly, net profit of the company surged by 83 per cent and stood at Rs 22 crore as against to Q1FY23. Furthermore, the company has been able to grow its sales by 8 per cent (CAGR) for the past 3 years and net profit has grown by 30 per cent (CAGR) for the same period.
DSIJ offers a service 'Tiny Treasure' with recommendations for Small-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
The company has delivered returns of 50 per cent over the past year and returns of 425 per cent over the past 3 years. Additionally, the company has a ROCE of 8.34 per cent and a ROE of 9.64 per cent.
On Friday, shares of the company plunged by more than 1.27 per cent and traded at Rs 384.
Investors should keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.