750 per cent returns in this multibagger stock; Board announced bonus shares!
The stock gave multibagger returns of 760.74 per cent in 3 years whereas BSE Sensex Index is up by 84.43 per cent.
Gulshan Polyols Ltd, one of the largest manufacturers of precipitated calcium carbonate and sorbitol in India announced bonus shares for its equity shareholders of the company in the proportion of 1 equity share of Rs 1 each for every 5 (Five) existing Equity Shares of Rs 1 each held as on the record date. The company verified the record date for the bonus issue as Wednesday, June 21, 2023.
On Friday, shares of Gulshan Polyols Ltd zoomed 2.41 per cent to Rs 280.60 per share with an intraday high of Rs 283.05 and an intraday low of Rs 276.05. The stock has a 52-week high of Rs 303.40 and a 52-week low of Rs 191.
According to the financials, Gulshan Polyols Ltd is a Small-Cap company having a market cap of over Rs 1,458 crore. The company has delivered good profit growth of 20.70 per cent CAGR over last 5 years. The net sales increased by 3.19 per cent and net profit increased by 24.70 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 7.18 per cent and net profit decreased by 46.79 per cent in FY23 compared to FY22. The EPS for FY23 stood at Rs 8.69.
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The Company has received sanction from the State Bank of India for availing a term loan of Rs 170 crore for setting up an Ethanol Project of 250 KLPD capacity at the Industrial Growth Centre, Matia, District Goalpara, Assam. With this Company has successfully been able to raise funds to Rs 470 crore which shall be further used in fulfilling CAPEX requirements for ongoing expansions.
The stock gave multibagger returns of 760.74 per cent in 3 years whereas BSE Sensex Index is up by 84.43 per cent. Investors should keep an eye on this small-cap chemicals company stock.