Multibagger penny stock under Rs 100: This micro-cap company reports a 120 per cent jump in net profit!

The stock gave multibagger returns of 120 per cent in just 6 months whereas BSE Sensex Index is up by 10 per cent.

DMR Hydroengineering & Infrastructures is engaged in providing engineering consultancy and due diligence services to hydropower, dams, roads, and railway tunnels. The company announced standalone and consolidated unaudited financial results for the half year ended September 30, 2023. Here are the details:

Standalone Half-yearly Results: The net sales increased by 38.64 per cent to Rs 3.14 crore, the operating profit increased by 7.86 per cent to Rs 0.89 crore and the net profit increased by 24 per cent to Rs 0.61 crore in H1FY24 compared to H1FY23.

Consolidated Half-yearly Results: The net sales increased by 48.96 per cent to Rs 3.14 crore, the operating profit increased by 100.6 per cent to Rs 0.89 crore and the net profit increased by 120.22 per cent to Rs 0.61 crore in H1FY24 compared to H1FY23.

On Tuesday, shares of DMR Hydroengineering & Infrastructures Ltd gained 31.25 per cent upper circuit to Rs 81 per share from its previous closing of Rs 80. The stock’s 52-week high is Rs 89.32 and its 52-week low is Rs 20.40

Earlier, the Board of Directors of the company announced a final dividend of Rs 0.11 per share for the financial year ended March 31, 2023. The ex-dividend date was September 01, 2023.

According to the financials, DMR has a market cap of Rs 30 crore. The company has significantly reduced its debt burden. The current debt of Rs. 0.51 crore is only 1.7 per cent of its current market cap, which means that the company is almost debt-free.

The stock gave multibagger returns of 120 per cent in just 6 months whereas BSE Sensex Index is up by 10 per cent. Investors should keep an eye on this micro-cap stock.

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