Heavy buying witnessed: Back-to-back upper circuit and 52-week high in this micro-cap multibagger stock; do you own it?

The stock has gained momentum in the past 2 years as it has given multibagger returns of more than 680 per cent returns.  

On June 21, 2023, the shares of Thomas Scott (India) Limited zoomed 4.98 per cent, to trade at a fresh 52-week high of Rs 62.49 per share on BSE. The stock locked at an upper circuit of Rs 62.49 per share on BSE.   

Thomas Scott (India) Ltd was founded in 2010 and manufactures and trades textile and textile products.  

The key highlights of Q4FY23(consolidated):     

• Total revenue stood at Rs 23.91 crore in Q4FY23, witnessing a surge of 146.49 per cent YoY basis as compared to Q4FY22.     
• The operating profit for Q4FY23 is at Rs 3.38 crore, surge of 1436.36 per cent on YoY basis as compared to Q4FY22.     

Financial Highlights for FY23 (consolidated):      

• Total sales stood at Rs 62.79 crore, up 96.03 per cent over FY22, on YoY basis.     
• EBITDA (operating profit) stood at Rs 4.65 crore, showed an impressive jump by 263.28 per cent over FY22.     
• The profit before tax stood at Rs 2.98 crore, growth of 325.71 per cent over FY22.   
• The net profit reported Rs 2.88 crore, surged by 357.14 per cent, compared to FY22.   

The stock has gained momentum in the past 2 years as it has given multibagger returns of more than 680 per cent returns. Keep a close eye on this micro-cap Garments & Apparels stock.