Low PE and High Dividend Multibagger Stock: The Company reports more than 400 per cent YoY and 1900 per cent QoQ Net Profit Growth
The stock has given multibagger returns of 114.72 per cent in a year.
Majestic Auto Ltd's stock is trading at Rs 373.50. The stock opened at Rs 361.35 and reached a high of Rs 389 during the trading session. The company released its Quarterly Results on August 08, 2024. On Friday the stock zoomed more than 6.29 per cent in a day.
In the latest quarterly results for June 2024, revenue remained steady at Rs 16 crore, showing no growth from the previous quarter but an increase of 23.08 per cent year-over-year. Net profit surged to Rs 10 crore from Rs 0.5 crore in March 2024, reflecting a significant 1900 per cent increase from the previous quarter and a 400 per cent rise compared to June 2023. For the full financial year 2024, revenue grew by 66 per cent to Rs 83 crore, up from Rs 50 crore in FY23. Net profit also saw a notable increase of 560 per cent, reaching Rs 33 crore compared to Rs 5 crore in FY23.
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Majestic Auto Ltd. engages in provision of office space on lease and facility management services. It also provides leasing and maintenance services. The firm operates through the Real Estate and Management Services segment.
The company has rich shareholding of promoter which is 75 per cent and the rest is held by the public. Mahendra Girdharilal has the 1 per cent stake in this company.
The company's market capitalisation stands at Rs 388.35 crore, and it has a price-to-earnings (P/E) ratio of 11.73, reflecting its valuation relative to earnings. The company offers a dividend yield of 4.02 per cent. Over the past year, the stock has experienced a 52-week high of Rs 419.05 and a 52-week low of Rs 152. The stock has given multibagger returns of 114.72 per cent in a year.
Investors should keep a close eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.