From SME to Mainboard: This micro-cap multibagger stock generated 950 per cent returns in just 1 year!

The stock gave multibagger returns of 193 per cent in just 6 months, up 950 per cent in 1 year, and over 4,100 per cent in the span of 3 years.

Captain Pipes Ltd (BSE: 538817), one of the leading companies in the PVC Pipes industry, has announced that effective June 12, 2023, the equity shares of Captain Pipes Limited, which are already listed under the BSE SME Platform, will now be migrated and admitted to dealings on the Mainboard Platform in the list of 'B' group.

According to the financials, the net sales rose by 2.02 per cent to Rs 42.54 crore and EBITDA increased by 128 per cent to Rs 3.04 crore in H2FY23 over H2FY22. The company reported a net profit of Rs 1.64 crore in H2FY23 compared to Rs 4.78 crore in H2FY22. The net sales increased by 3.36 per cent to Rs 85.50 crore and EBITDA increased by 48.14 per cent to Rs 4 in FY23 over FY22.

Previously, the company's equity shareholders held traded ex-bonus shares in the ratio 2:1 and ex-stock split in the ratio 1:10 as of the record date, which was Thursday, March 02, 2023. Captain Pipes Ltd is a micro-cap company with a market cap of over Rs 436.50 crore. It is engaged in manufacturing a range of uPVC pipes and fittings. The company provides high-impact uPVC threaded column pipes, plumbing pipes, pressure pipes, casing pipes, plumbing fittings, and agri fittings. Captain Pipes serves customers in India.

On Friday, shares of Captain Pipes Ltd gained 4.70 per cent to an intraday high of Rs 33.50 per share from its previous closing of Rs 32. At 11:30 am, shares of the company were in the red, down 2.19 per cent to Rs 31.30 per share. The stock gave multibagger returns of 193 per cent in just 6 months, up 950 per cent in 1 year, and over 4,100 per cent in the span of 3 years.

The stock has a 52-week high of Rs 35.79 and a 52-week low of Rs 2.81. Investors should keep an eye on this micro-cap stock.