Multibagger penny stock under Rs 15: Micro-Cap company's shares surge over 19 per cent on stellar Q4 and FY23 results!
From Rs 2.40 per share to Rs 13.70 per share, the stock gave multibagger returns of 471 per cent returns in just 3 years.
On Thursday, one of the Top Gainers on NSE, shares of Accuracy Shipping Limited zoomed 19.13 per cent to an intraday high of Rs 13.70 per share from its previous closing of Rs 11.50. The stock has a 52-week high of Rs 27.50 and a 52-week low of Rs 10.25 per share.
Accuracy Shipping Limited (NSE: ACCURACY) is a logistics company that offers a wide range of services to meet various transportation needs. The company announced its Quarterly Results and annual results for the year ended March 31, 2023.
According to the quarterly results, the company reported net sales of Rs 177.55 crore in Q4FY23 compared to net sales of Rs 255.01 crore in Q4FY22. The company reported a net profit of Rs 5.71 crore in Q4FY23 compared to a net loss of Rs 4.50 crore in Q4FY22. In FY23, the net sales increased by 6.50 per cent to Rs 877.34 crore compared to net sales of Rs 824.10 crore in FY22. The company reported a net profit of Rs 8.22 crore in FY23 compared to a net profit of Rs 18.10 crore in FY22.
The company caters to a diversified industry and is focused on accelerating growth by exploring new opportunities and integrating backwards and forward in its logistics process. They aim to become an "End-to-End Logistics Player" and benefit from their large-scale presence across the value chain.
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The company has a strong presence in India with 14 offices and more than 60 agency agreements worldwide to cater to the increasing logistical needs of cross-border transactions. As a leading logistics solution provider, they offer their customers the benefits of expertise and experience, ensuring a complete and highly competitive range of services that add value to every link in the supply chain.
The stock has a ROE of 21 per cent and a ROCE of 23 per cent. The shares of the company traded ex-split on February 15, 2023, a sub-division of one equity share of Rs 10 each into 10 equity shares of Rs 1 each.
From Rs 2.40 per share to Rs 13.70 per share, the stock gave multibagger returns of 471 per cent returns in just 3 years. Investors should keep an eye on this micro-cap stock.