High ROE & high ROCE multibagger stock: This micro-cap company reports stellar quarterly results and declares dividend for the first time ever!
The stock is up by 65 per cent in 1 year and gave multibagger returns of over 170 per cent in just 3 years.
Prevest DenPro Limited is into the development and manufacturing of dental materials used for the diagnosis, prevention and treatment of dental conditions. The company is heavily export-oriented.
The company have declared stellar Quarterly Results and dividend for the first time ever. Details below:
Financial Highlights for the Q1FY23
- Total Revenue of Rs 13.39 crores, up 8.31 per cent in Q1FY24 over Q1FY23.
- Operating profit of Rs 5.57 crores, up 7.26 per cent in Q1FY24 over Q1FY23.
- Profit After Tax of Rs 4.08 crores, up 10.92 per cent in Q1FY24 over Q1FY23.
- EPS of Rs 3.40 per share, up 10.95 per cent in Q1FY24 over Q1FY23.
Financial Highlights for FY23:
- Total Revenue of Rs 49.85 crores, up 30.81 per cent in FY23 over FY22.
- EBITDA of Rs 21.63 crores, up 29.70 per cent in FY23 over FY22.
- Profit After Tax of Rs 15.71 crores, up 35.81 per cent in FY23 over FY22.
- EPS of Rs 13.09 per share, up 35.81 per cent in FY23 over FY22.
Additionally, The Board have declared a final dividend on equity shares for the first time ever at 10 per cent or Rs 1 per equity share of the face value of Rs 10 for the financial year ended March 31, 2023. In addition, the company is the first SME enterprise from the region of Jammu and Kashmir to be listed on a stock exchange.
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On Friday, shares of Prevest Denpro Ltd surged 2.78 per cent to the day’s high of Rs 520 per share. At 11:00 am, shares of the company were trading in red, down 5.13 per cent to Rs 480 per share with a spurt in volume by more than 4 times on BSE.
This micro-cap company has a market cap of 607.29 crore. The stock has a ROE of 25 per cent and a ROCE of 32 per cent.
The stock is up by 65 per cent in 1 year and gave multibagger returns of over 170 per cent in just 3 years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.