High ROE and high ROCE multibagger stock with 670 per cent returns; Board likely to announce bonus shares!

The shares of the company have an ROE of 41.1 per cent and an ROCE of 52.7 per cent.

Jeena Sikho Lifecare Limited a meeting of the Board of Directors of the company is scheduled to be held on Monday, September 25, 2023, inter-alia, to consider and approve:

1) Increase in the authorized share capital and consequential amendment in the memorandum of association of the company.

2) Issuance of bonus shares to equity shareholders of the company, in the ratio, as it may deem fit.

The aforesaid proposals, if approved by the Board of Directors, shall be subject to further approval of members and concerned regulatory authorities.
Jeena Sikho Lifecare is one of the leading Ayurvedic healthcare system providers in India. The company has been providing healthcare services for the last ten years. The company has a market cap of over Rs 1,400 crore. According to the half-yearly results, the net sales increased by 56 per cent to Rs 117 crore and net profit skyrocketed by 360 per cent to Rs 23 crore in H2FY23 compared to H2FY22. In annual results, the net sales increased by 40 per cent to Rs 204 crore and net profit skyrocketed by 209 per cent to Rs 34 crore in FY23 compared to FY22.

On Friday, shares of Jeena Sikho Lifecare Ltd gained 1.40 per cent to Rs 1,050 per share with an intraday high of Rs 1,080 per share and an intraday low of Rs 1,005.

The shares of the company have an ROE of 41.1 per cent and an ROCE of 52.7 per cent. The stock gave multibagger returns of 671.42 per cent from its 52-week low of Rs 140 per share. Investors should keep an eye on this Small-Cap stock.

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