880 per cent multibagger stock: This micro-cap company bagged an order worth Rs 83,23,425 from its client, stock price at Rs 56 each!

Today, the shares of the company surged by 19.8 per cent

According to the most recent exchange filing, Syschem India Limited has reported receiving an order from one of its clients.

The order pertains to the supply of Cefadroxil Monohydrate IP/BP Grade, Power Make, totaling 1350 KGS per month, packaged in 25 units, and this supply will continue until the full ordered quantity is delivered. The execution of this order is scheduled within a 15-day timeframe.

The estimated value of this order is approximately Rs 83,23,425.

Also, check: This company has announced a 500 percent dividend.

Established in 1993, Syschem (India) Limited specializes in the manufacturing of Active Pharmaceutical Ingredients (APIs) and bulk drugs.

During the June quarter of FY24, the company's revenue from operations exhibited a substantial YoY increase of 185 per cent, soaring from Rs 15.10 crore to Rs 43.10 crore. The operating profit also saw growth, rising from Rs 1.35 crore to Rs 2.45 crore. However, on a sequential basis, it declined from Rs 2.52 crore to Rs 2.45 crore, with the operating profit margin standing at 6 per cent.

The net profit for the same period amounted to Rs 1.68 crore, resulting in net profit margins of 4 per cent during Q1 FY24.

Syschem's return on capital employed (ROCE) and return on equity (ROE) stand at 39 per cent and 31.8 per cent respectively. In the market, the company's shares are trading at a price-to-earnings ratio of 33 times.

Starting at Rs 48.94, the company's shares concluded the day at Rs 56.77, representing a 19.77 per cent increase or Rs 9.37 compared to the previous day's closing price of Rs 47.40 on the BSE. Over the last three years, the company's shares have generated an impressive multibagger return of 880 per cent.

Disclaimer: This article is for informational purposes only and not investment advice.