From Energy to Construction Sector: This multibagger micro-cap company reported a 481 per cent jump in net profit!
The stock multibagger returns of 410 per cent in just 6 months and over 1,100 per cent in 2 years.
Kintech Renewables Limited (KRL) (BSE: 51232) was earlier engaged in activities relating to the renewable energy sector. Now the company has diversified into business activities related to B2B trading of building material products. The management is in the process of appointing channel partners to penetrate into the construction sector. The company's vision is to become India's leading one-stop solution for building material products.
KRL has announced its quarterly financial performance for Q1FY24. Details below:
The company reported net sales of Rs 150.90 crore in Q1FY24.
The EBITDA skyrocketed 577.78 per cent to Rs 1.83 crore in Q1FY24 compared to an EBITDA of Rs 0.27 crore in Q1FY24.
The net profit skyrocketed by 481.82 per cent to Rs 1.28 crore in Q1FY24 compared to a net profit of Rs 0.22 crore in Q1FY24.
KRL has a market cap of Rs 223 crore and a 5-year stock price CAGR of 85 per cent. The maximum stake is owned by the promoters of the company (75 per cent) and the rest of the stake is owned by the general public (25 per cent).
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On July 07, 2023, shares of KRL surged 2 per cent upper circuit to Rs 2,227.15 per share from its previous closing of Rs 2,183.50. The stock also traded at a new 52-week high of Rs 2,227.15 per share. (Currently, the stock is not trading on the exchange and was last traded on July 07, 2023).
The stock multibagger returns of 410 per cent in just 6 months and over 1,100 per cent in 2 years. Investors should keep this micro-cap stock.