Multibagger penny stock under Rs 10: This micro-cap company acquired 4,000 sq. meters of land and announces stellar quarterly results!
The stock gave multibagger returns of 207 per cent in 2 years and over 870 per cent in 3 years.
Goyal Aluminiums Limited informed that Wroley E India Private Limited, Associate of the company has registered the sale deed with the Sub Registrar of Gautam Buddha Nagar, an industrial plot admeasuring 4,000 sq. metres at Industrial Plot No. 283, Sector - Ecotech 11, in the layout Plan of Greater Noida Industrial Development Area, Distt- Gautam Buddha Nagar. The above land shall be used for the organic growth of the company in future.
Additionally, the company announced Quarterly Results (Q1FY24) wherein net sales stood at Rs 16.24 crore, up 71.65 per cent, operating stood at Rs 0.91 crore, up 111.63 per cent, profit before tax stood at Rs 7.71 crore, up 88.40 per cent and profit after tax of Rs 6.51 crore, up 117.32 per cent in Q1FY24 compared to Q4FY23.
According to the consolidated annual results, the company reported net sales of Rs 65.99 crore, operating profit of Rs 3.40 crore, PBT of Rs 2.90 and PAT of Rs 2.17 crore in FY23. The company's share capital was split from 10 shares with a face value of Rs 10 each to 10 shares with a face value of Rs 1 each. The stock split took effect on April 25, 2023.
The Company offers aluminium sheets, coils, sections, grills, and other aluminium products. Advitiya Trade India also provides cotton fabrics, printing machines, glass, and other products. Goyal Aluminiums Ltd is also known as Advitiya Trade India Ltd. The company has a market cap of Rs 124.46 crore.
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On Thursday, shares of Goyal Aluminiums Ltd jumped 5 per cent upper circuit to Rs 9.15 per share from its previous closing of Rs 8.72. The stock’s 52-week high is Rs 47.55 and its 52-week low is Rs 7.19. The shares of the company have an ROE of 13.2 per cent and a ROCE of 18.2 per cent.
The stock gave multibagger returns of 207 per cent in 2 years and over 870 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.