Micro-Cap Stock Reports more than 900 Per cent PAT Growth; Company Maintains Strong Dividend Payout Ratio Of 77.8 Per cent

Micro-Cap Stock Reports more than 900 Per cent PAT Growth; Company Maintains Strong Dividend Payout Ratio Of 77.8 Per cent

Prajwal Wakhare
/ Categories: Trending, Mindshare

The stock has given 47.45 per cent of returns from its 52-week low in a year.

Sadhana Nitro Chem Ltd's stock is trading at Rs 71.7. The stock opened at Rs 76.50 and reached a low of Rs 70.50 during the trading session.  The company released its Quarterly Results on August 10, 2024. On Friday the stock plunged more than 4 per cent in a day.

In the quarterly results, for June 30, 2024, the company reported a revenue of Rs 36.10 crore, down 8.40 per cent year-on-year (YoY) and 44.07 per cent quarter-on-quarter (QoQ). Net profit for the same period was Rs 0.62 crore, which is up 933.33 per cent YoY and 19.23 per cent QoQ. For the fiscal year FY24, revenue increased to Rs 190 crore, showing a yearly growth of 32.87 per cent, while net profit rose to Rs 4 crore, marking a 33.33 per cent increase.

Sadhana Nitro Chem Ltd engages in manufacturing chemical intermediates, heavy organic and performance chemicals, and wireless network equipment and services. It operates under the Domestic Sales and Export Sales segments.

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The company has rich shareholding of promoter which is 65.48 per cent and the rest is held by the public.

Sadhana Nitro Chem Ltd boasts a market capitalisation of Rs 1.78 crore and has an exceptionally high P/E ratio of 425.88. The company maintains a robust dividend payout ratio of 77.8 per cent. Over the past decade, Sadhana Nitro Chem Ltd has achieved a median sales growth rate of 27.8 per cent. The stock has a 52-week high of Rs 110.00 and a 52-week low of RS 49.10.

The stock has given 47.45 per cent of returns from its 52-week low 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.

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