Low PE & High ROE Penny Stock Under Rs 20 Jumps 8.9 Per Cent From Low; PAT Jumps 227 Per Cent in Q3FY25
The stock is up 14 per cent from its 52-week low of Rs 15.10 per share.
On Friday, shares of Vipul Ltd gained 8.9 per cent to Rs 16.09 per share from its day low of Rs 14.78 per share. The stock’s 52-week high is Rs 52.88 per share and its 52-week low is Rs 14.12 per share.
Vipul Ltd, a prominent real estate company established in 1991, is part of the esteemed Vipul Group. With a strong track record, the company has delivered over 10 million square feet of properties to 7,000+ satisfied customers, primarily in Gurugram. Their diverse portfolio includes residential projects like Tatvam Villas and Vipul Greens, and commercial spaces like Vipul Business Park and Vipul Plaza. Expanding its reach, Vipul Ltd has undertaken projects in Bhubaneswar, Ludhiana, Dharuhera, Bawal, and Faridabad.
The company reported net sales of Rs 11.26 crore in Q3FY25 compared to net sales of Rs 15.70 crore in Q2FY25. The company reported a net profit of Rs 3.73 crore in Q3FY25 compared to a net profit of Rs 1.14 crore in Q2FY25, an increase of 227 per cent. Looking at the nine-month results, the company reported net sales of Rs 42.82 crore and net profit of Rs 6.68 crore in 9MFY25.
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Recently, Vipul Limited has entered into a definitive agreement to divest its entire 33.33 per cent equity stake in its associate company, Mudra Finance Limited. Upon completion of this transaction, Mudra Finance Limited will cease to be an associate of Vipul Limited. Key details of the transaction include: Mudra Finance Limited's contribution of Rs 9,63,182 to Vipul Limited's profit during the last financial year; an agreement date of January 09, 2025, and an expected completion date of January 24, 2025; a total consideration of Rs 3,10,00,000; and a buyer that is Mudra Finance Limited itself, which is not part of the promoter group or associated companies of Vipul Limited.
The company has a market cap of Rs 221 crore and has delivered good profit growth of 188 per cent CAGR over the last 5 years. The shares of the company have a PE of 2x and an ROE of 100 per cent. The stock is up 14 per cent from its 52-week low of Rs 15.10 per share. Investors should keep an eye on this low PE & high ROE penny stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.