Multibagger stock under Rs 100 hits 20 per cent upper circuit as the company reports a 504 per cent jump in net profit!

The stock gave multibagger returns of 163 per cent in just 3 years and over 2,700 per cent returns in 1 decade.

Kriti Nutrients Ltd, part of the Kriti Group of companies announced its Quarterly Results for the first quarter ended June 30, 2023. Details below:

Consolidated Financial Performance Comparison - Q1FY24 vs Q1FY23.

• Revenue from Operations grew by 9.33 per cent from Rs 193.76 crore in Q1FY23 to Rs 211.83 crore in Q1FY24.
• Operating profit increased by 288.90 per cent from Rs 4.85 crore in Q1FY23 to Rs 18.85 crore in Q1FY24.
• Net profit increased by 504.76 per cent from Rs 2.08 crore in Q1FY23 to Rs 12.59 crore in Q1FY24.

According to the annual results, the net sales increased by 5.84 per cent to Rs 796.87 crore and net profit increased by 69.04 per cent to Rs 20.80 crore in FY23 over FY22. The EPS for FY23 stood at Rs 4.15.

On Monday, shares of Kriti Nutrients Ltd zoomed 20 per cent upper circuit to Rs 77 per share from its previous closing of Rs 64.17. The stock also traded at a new 52-week high of Rs 77 per share with a spurt in volume by more than 3.02 times on BSE. The stock gave multibagger returns of 163 per cent in just 3 years and over 2,700 per cent returns in 1 decade.

Kriti Nutrients Ltd is engaged in soybean processing, producing branded refined soybean oil and manufacturing value-added protein-based products that are used in specialised applications in the food and pharmaceutical sectors. The company has a market cap of Rs 385 crore with a 1-year stock price CAGR of 70 per cent.

The stock has a PE of 12.33x whereas the industry PE is 35x and a ROE of 26.30 per cent. This FMCG micro-cap stock should be kept under the radar.

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