Multibagger penny stock under Rs 10: This micro-cap company bags huge export order worth Rs 14,19,00,000

The stock is up by 85 per cent from its 52-week low of Rs 3.78 per share and gave multibagger returns of 275 per cent in 5 years.

Garment Mantra Lifestyle Ltd (GMLL), formerly Junction Fabrics & Apparels Ltd, has secured a historic first for the company - a huge export order worth Rs 14,19,00,000 for its products, to be delivered over the next three quarters. This landmark deal marks a significant milestone in Garment Mantra's journey, solidifying its position as a major player in the international market.

Garment Mantra is a company focused on fulfilling the fashion and lifestyle aspirations of the mass Indian population. The promoters of the company have extensive experience in the textile industry for over 3 decades. Garment Mantra has 3 business divisions. Firstly, Garment Mantra is engaged in the business of garment manufacturing and selling both knitted fabrics as well as knitted garments.

Its manufacturing facilities are situated in Tirupur “Knit City of India”. The company’s complete range consists of about 5,000 products and is mainly targeted to mass customers, which constitute around 70 per cent of the domestic population. The company’s products are available in Pan-India through a vast network of wholesalers and distributors. GMLL emphasises the affordable cost of the product without compromising on the quality of the product.

GMLL has unique business models which will be key revenue and growth drivers; poorti & full choice: wholesale and retail textile surplus model which deals with wholesalers and retailers across the country and also from international markets to source textile surplus, the larger share of this business is with small unorganised players who have limited access to larger markets domestically and internationally versus GMLL which has a strong penetrated network across markets. The beauty of this model is cash and carry with a tokenised system.

Today, shares of Garment Mantra Lifestyle Ltd gained 2.37 per cent to Rs 6.92 per share from its previous closing of Rs 6.76 with an intraday high of Rs 7.10 and an intraday low of Rs 6.72. The company has a market cap of Rs 69 crore.

The promoters of the company hold a 50.10 per cent stake in the company while the public shareholders own a 49.90 per cent stake as of December 2023. The stock is up by 85 per cent from its 52-week low of Rs 3.78 per share and gave multibagger returns of 275 per cent in 5 years.

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