Multibagger penny stock under Rs 10: This micro-cap company reports a 117 jump in net profit; scrip up by 800 per cent in just 3 years!
The stock gave multibagger returns of 174 per cent in 2 years and over 800 per cent in 3 years.
Goyal Aluminiums Ltd is engaged in the business of providing metal trading services. The company announced its Quarterly Results ended June 30, 2023. Details below:
Consolidated Financial Highlights for the Q1FY24:
- Net sales stood at Rs 16.24 crore, up 71.65 per cent compared to Q4FY23.
- Operating stood at Rs 0.91 crore, up 111.63 per cent compared to Q4FY23.
- Profit before tax stood at Rs 7.71 crore, up 88.40 per cent compared to Q4FY23.
- Profit After Tax of Rs 6.51 crore, up 117.32 per cent compared to Q4FY23.
- The EPS for Q1FY24 is Rs 0.05.
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 118.47 crore.
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On Monday, shares of Goyal Aluminiums Ltd jumped 5 per cent upper circuit to Rs 8.31 per share from its previous closing of Rs 7.92. 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. Additionally, the share of the company saw a spurt in volume by more than 1.39 times on BSE.
The stock gave multibagger returns of 174 per cent in 2 years and over 800 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.