Multibagger stock under Rs 50 hits 5 per cent upper circuit as the company reports a 1,200 per cent jump in EBITDA!
The stock gave multibagger returns of 101 per cent in just 6 months and over 450 per cent returns in 1 year.
Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services, including repair work; announced Quarterly Results (Q1FY24). Details below:
According to the quarterly results:
- Revenue from Operations grew by 256.24 per cent from Rs 3.48 crore in Q1FY23 to Rs 12.38 crore in Q1FY24.
- EBITDA increased by 1,213.97 per cent from Rs 0.14 crore in Q1FY23 to Rs 1.79 crore in Q1FY24.
- PAT increased by 461.76 per cent from a net loss of Rs 0.34 crore in Q1FY23 to a net profit of Rs 1.23 crore in Q1FY24.
According to the standalone annual results, the net sales increased by 200.63 per cent to Rs 29.05 crore and net profit increased by 125.51 per cent to Rs 1.01 crore in FY23 over FY22.
On Wednesday, one of the Top Gainers on BSE, shares of Alfa Transformers Ltd zoomed 5 per cent upper circuit to Rs 38.92 per share from its previous closing of Rs 37.07. The shares of the company saw a spurt in volume by more than 2.59 times on BSE.
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The company has a market cap of Rs 35.61 crore with a 3-year stock price CAGR of 50 per cent. The debtor days have improved from 49.3 to 31.7 days. The shares of the company have a PE of 13.80x whereas the industry PE is 36.40x with a ROE of 17.92 per cent.
The stock gave multibagger returns of 101 per cent in just 6 months and over 450 per cent returns in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.