Low PE high ROE stock: Don't miss the action in this micro-cap stock that is likely to announce bonus share!

The stock is up by 35 per cent in just 3 months.

Maruti Interior Products Ltd informed that a e Meeting of the Board of Directors of the company is scheduled to be held on Monday, September 04, 2023, at the registered office of the company to transact the following business:

The board meeting agenda for the year ending March 31, 2023, includes the approval of the board's report and its annexure, the approval of the draft notice for the 26th Annual General Meeting (AGM), the determination of the date, time, and venue for the AGM, the finalization of the date for book closure, the deliberation on the proposal to issue bonus shares to equity shareholders, the revisiting of the remuneration structure for directors, the increase in authorized share capital, the appointment of CS Sandip Nadiya Para as the scrutinizer and any other business subject to the chairman's permission.

Incorporated in 1997, Maruti Interior Products Ltd manufactures modular kitchen & wardrobe storage accessories. The company has a market cap of over Rs 150 crore. The shares of the company have a PE of 35x, an ROE of 18.3 per cent and a ROCE of 23.9 per cent.

In H2FY23, the net sales increased by 8 per cent to Rs 17.76 crore and net profit increased by 15 per cent to Rs 1.75 crore compared to H2FY22. In FY23, the net sales increased by 39 per cent to Rs 38.89 crore and net profit increased by 45 per cent to Rs 4.32 crore compared to FY22.

On Friday, shares of Maruti Interior Products Ltd plunged 1.97 per cent to Rs 199.50 per share with an intraday high of Rs 203 and an intraday low of Rs 199.

The stock is up by 35 per cent in just 3 months. Investors should keep an eye on this micro-cap stock.

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