590 per cent jump in net profit; This micro-cap multibagger company reported excellent results!

On Thursday share price of the company surged by 10 per cent and hit its upper circuit at Rs 49.19.

Jaipan Industries Ltd operates in the manufacturing, trading, and service of electronic household accessories such as home appliances, cooktop, toaster, etc. The company boasts an extensive network comprising 180 distributors and 6000 dealers nationwide. With a dedicated sales office, warehouse, and a workforce of over 50 individuals, Jaipan Ltd successfully caters to the needs of over 1,00,000+ customers in India and abroad. 

Jaipan Industries recently announced their impressive FY23 results where sales in FY23 surged significantly by 73 per cent to Rs 40.50 crore while net profit grew by 592 per cent to Rs 1.41 crore. Moreover, the company grew its sales by 21 per cent (CAGR) for the past 3 years was able to grow its net profit by 99 per cent over the same period. Additionally, the company has a ROCE of 11 per cent and a ROE of 9.59 per cent. 

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The company has delivered impressive returns of 303 per cent for the past 1 year and excellent returns of 429 per cent for the past 3 years.  

On Thursday share price of the company surged by 10 per cent and hit its upper circuit at Rs 49.19 

Investors should keep a close eye on this buzzing microcap stock.