Multibagger stock under Rs 5: This micro-cap stock reported 10 times jump in net profit!

The stock gave multibagger returns of 160 per cent in just 2 years.

Vikas Ecotech Ltd, a leading chemical company, announced its Quarterly Results and annual results as of March 31, 2023. 

Key Financial Highlights Q4FY23:   

· Revenue from the operation stood at Rs 68.33 crore reflecting a decrease from Rs 83.09 crore recorded in the corresponding quarter of the previous year. 

· PBT stood at Rs 2.37 crore, a growth of 78.20 per cent QoQ. 

· PAT stood at Rs 1.79 crore, a growth of 45.53 per cent QoQ  

Key Financial Highlights FY23:   

· Revenue from the operation stood at Rs 403 crore, a growth of 61.20 per cent YoY.  

· PBT stood at Rs 10 crore, a growth of 400 per cent QoQ. 

· PAT stood at Rs 10 crore, a growth of 900 per cent YoY.  

Additionally, the company has ventured into the arena of Green-Enviro-friendly Infrastructure Development Projects in collaboration with Nice Apartment Constructions Pvt Ltd. The estimated Project Cost of targeted projects is about Rs 115 crore including land cost and construction cost. 

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On Monday, shares of Vikas Ecotech plunged 1.27 per cent to Rs 3.10 per share from its previous closing of Rs 2.83 with a day’s high of Rs 3.10 and a day’s low of Rs 2.88. 

Vikas Ecotech Limited is primarily engaged in the business of manufacturing speciality chemicals focused on additives and speciality polymer compounds. The company has reduced its debt in the financial year 2022-2023. 

The stock gave multibagger returns of 160 per cent in just 2 years. Investors should keep an eye on this micro-cap stock.