Multibagger micro-cap stock bags big order: This industrial product company bags Rs 150 million repeat orders; reports over 3,000 per cent jump in net profit!

Shares of the company have gained about 120 per cent in the last six months.

Sprayking Agro Equipment Limited, a brass manufacturer, has received a purchase order worth Rs 150 million for the supply of brass parts. The company recently acquired a new manufacturing facility in Gujarat's Jamnagar and a 51% stake in Narmada Brass Industries to expand its capacity and meet new orders from the domestic and international markets. Sprayking is expanding both organically and inorganically to fulfil its vision and goal.

The company has recently launched a new forging product that will be used in a sensor part. The company is expecting orders for the product in the near future.

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Sprayking Agro Equipment Limited is engaged in the manufacturing of brass components and parts, including fittings, forging equipment, transformer parts, and other customized brass components. Sprayking is a renowned manufacturer specializing in copper forging products.

The company posted robust half-yearly results. The revenue of the company for H1FY24 stood at Rs 16.34 crore which increased by 493.71 per cent YoY. The operating profit of the company stood at Rs 2.02 crore, while the PAT of the company stood at Rs 1.04 crore, which increased by 3143.75 per cent. Sprayking Agro Equipment Limited has also delivered multibagger returns to its shareholders in the last one year of about 600 per cent.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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