720 per cent returns in this multibagger stock; Board announces bonus shares; scrip hits 52-week high!
The stock gave multibagger returns of 192 per cent in just 1 year, 620 per cent in 2 years and over 720 per cent in 3 years.
On Friday, shares of Yug Decor Ltd zoomed 6.48 per cent to make a new 52-week high of Rs 115 per share from its previous closing of Rs 108. At the closing bell, shares of the company were trading at Rs 112.13 per share, up 3.82 per cent. In the recent trading session, the stock is hitting back-to-back 52-week highs.
Yug Decor informed that the Board of Directors of the company has approved bonus shares in the ratio 15:100 i.e., 15 equity shares of Rs 10 each fully paid up for every 100 equity shares of 10 each fully paid up as of the record date (yet to be determined).
Yug Decor Ltd does manufacturing and trading of various types of Specialty Chemicals viz, water-based adhesives and solvent-based adhesives. The company has a market cap of Rs 70.13 crore with a 5-year CAGR of 43 per cent. The company reported excellent numbers in its Quarterly Results and annual results.
The net sales increased by 6 per cent to Rs 15.65 crore and the net profit increased by 137 per cent to Rs 1.09 crore in Q4FY23 compared to Q4FY22. The net sales increased by 28 per cent to Rs 31.19 crore and the net profit increased by 1040 per cent to Rs 1.14 crore in FY23 compared to FY22.
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The shares of the company have an ROE of 18.1 per cent and a ROCE of 21.5 per cent. The stock gave multibagger returns of 192 per cent in just 1 year, 620 per cent in 2 years and over 720 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.