High ROE and ROCE multibagger stock: Board announces first-ever bonus issue of shares; PAT zooms over 50 per cent in H1FY24!

The stock gave multibagger returns of over 250 per cent in just 3 months whereas BSE Sensex Index is up by 1.10 per cent.

Alphalogic Industries Ltd announces stellar H1FY24 results and bonus shares. Here are the details:

Alphalogic Industries Ltd has announced impressive financial results for the first half of the fiscal year 2024 (H1FY24). The company's net sales increased by 220.2 per cent to Rs 19.73 crore, operating profit increased by 45.64 per cent to Rs 1.67 crore and net profit increased by 59 per cent to Rs 1.11 crore in H1FY24 compared to H1FY23.

According to the annual results, the net sales increased by 130 per cent to Rs 18.02 crore, operating profit increased by 338 per cent to Rs 3.20 crore and net profit increased by 606 per cent to Rs 2.19 crore in FY23 compared to FY22

In addition to the strong financial results, the company has also announced a bonus share issue in the ratio of 1:1. This means that for every one fully paid-up equity share of Rs 10 each, shareholders will receive one bonus share. The record date for the bonus issue of shares has been fixed as Friday, December 01, 2023.

Alphalogic Industries Ltd has recently secured a significant order portfolio worth Rs 101,79,437 from a diverse clientele. This substantial order tally comprises two major contracts:

Scootsy Logistics Private Limited, a subsidiary of the renowned food delivery platform Swiggy, has placed an order valued at Rs 71,10,257. This comprehensive contract encompasses the design, manufacturing, supply, and installation of a sophisticated storage racking system, scheduled for completion within the current month.

Trinity Engineers Private Limited has awarded Alphalogic Industries Ltd an order worth Rs 30,69,180. This extensive contract entails the design, manufacturing, supply, and installation of MS pallet and storage rack solutions, to be executed within the current quarter.

These substantial orders underscore the market's confidence in Alphalogic Industries Ltd's expertise and capabilities, solidifying its position as a leading provider of storage solutions. The successful execution of these projects is poised to further enhance the company's financial performance and strengthen its market presence.

Alphalogic Industries is engaged in the design, manufacturing, supply and installation of industrial and institutional storage systems i.e., compactor storage systems, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets and crates. The company has a market cap of Rs 173 crore.

On Friday, shares of Alphalogic Industries Ltd plunged 0.07 per cent to Rs 339.25 per share from its previous closing of Rs 339.50 with an intraday high of Rs 356.45 and an intraday low of Rs 335. The stock’s 52-week high is Rs 368 and its 52-week low is Rs 95.60.

The shares of the company were listed on BSE on Friday, July 14, 2023, at Rs 96.29 per share as an S&P BSE SME IPO with a lot size of 1,200 shares. The stock has an ROE of 84.4 per cent and an ROCE of 63 per cent.

The stock gave multibagger returns of over 250 per cent in just 3 months whereas BSE Sensex Index is up by 1.10 per cent. Investors should keep an eye on this SME stock.

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