FIIs bought 5,64,280 shares: Multibagger penny stock under Re 1; Company reports a 412 per cent jump in PAT
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 0.35 per share and a whopping 1,150 per cent in 5 years.
Excel Realty N Infra Limited, formerly Excel Infoways Limited, was established in 2003 and operates in infrastructure development, IT-enabled BPO services, and general trading. The company's IT/BPO segment provides customer care and workflow management services. General trading contributed 5.2 crores and infrastructure activities contributed 1.23 crores to FY23 revenue.
With a focus on residential and annuity businesses, Excel Realty has undertaken projects like collaborating with Silicon Infracon for agricultural land development, completing stormwater drainage for Arshiya International Ltd.’s FTWZ project with Coastal Projects Ltd, constructing an intake at Modak Sagar Tunnel with NSB Infrastructure Ltd and executing a mining project for EMTA Coal Limited with Safal Infra Projects Ltd.
According to Quarterly Results, the net sales increased by 475 per cent to Rs 4.09 crore, operating profit increased by 172 per cent to Rs 0.96 crore and net profit increased by 412 per cent to Rs 1.10 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 239 per cent to Rs 4.58 crore, operating profit increased by 54 per cent to Rs 1.74 crore and net profit increased by 334 per cent to Rs 1.65 crore in H1FY25 compared to H1FY24.
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Looking at the annual results, the company reported net sales of Rs 2.58 crore in FY24 compared to Rs 6.55 crore in FY3. The company reported a turnaround net profit of Rs 0.97 crore in FY24 compared to a net loss of Rs 0.34 crore in FY23, an increase of 385 per cent.
The company has a market cap of over Rs 100 crore and its stock is trading at 0.60 times its book value. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 0.35 per share and a whopping 1,150 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.