Multibagger Microcap Company with Net Profit Growth of Over 24,500 Per cent Achieves Highest-Ever Sales in September – Stock Gains Over 1,400 Per cent!
The company’s shares have delivered an impressive return of over 1,400 per cent in the past 2 years.
Jhandewalas Foods, is known for its diverse product portfolio, including Desi Ghee, poha, mangodi, papad, kesar under the brand name Namans, Cow Ghee under Godhenu, porridge, nachos, and pasta under Yumm Yoo, and refined groundnut oil under Polki, has announced a significant milestone.
The company achieved its highest-ever sales figure in September 2024, underscoring its commitment to excellence and strong market presence. This achievement is attributed to several key factors:
- Increased market demand for its wide product range.
- Successful marketing campaigns and promotional efforts.
- Expansion of distribution channels.
- Launch of new products that resonated with consumers.
This accomplishment reflects Jhandewalas Foods' dedication to growing its market share and maintaining product quality across its offerings.
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Currently, the shares of Jhandewalas Foods are trading at around Rs 101.35 per share on the BSE. The company’s current market capitalization stands at Rs 104 crore. Additionally, the shares have delivered an impressive multibagger return of over 1400 per cent in the past 2 years.
The company reported a net profit of Rs 7 crore in FY24 compared to Rs 4 crore in FY23. The company doesn’t announce Quarterly Results and as per the half yearly results, it reported a revenue of Rs 16 crore in March 2024 with a net profit of Rs 23 crore which was earlier Rs 4 crore same period last year.
Looking at the annual performance, Jhandewalas Foods generated a revenue of Rs 26 crore in FY24 representing a gain of 100 per cent YoY compared to Rs 13 crore. The operating loss for FY24 was Rs 3 crore. the company reported a net profit of Rs 23 crore compared to around Rs 0.09 crore loss in the past year representing a growth of 24,673 per cent YoY.
According to the company's shareholding pattern, the promoters hold a 50.89 per cent stake while public investors own 49.11 per cent of the shares.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.