Multibagger stock under Rs 60: This small-cap company announces quarterly results (Q1FY24) & stellar dividend!
The stock gave multibagger returns of 450 per cent in just 3 years while the BSE Sensex Index is up by 70 per cent.
Salasar Techno Engineering Ltd, a leading industrial manufacturing company in India announced its Quarterly Results ended June 30, 2023. Details below:
Financial Highlights for the Q1FY24:
- Net sales stood at Rs 261.86 crore, up 24.30 per cent compared to Q1FY23.
- Profit before tax stood at Rs 13.66 crore, up 38.82 per cent compared to Q1FY23.
- Profit After Tax of Rs 10.15 crore, up 38.66 per cent compared to Q1FY23.
- The EPS for Q1FY24 is Rs 0.32.
Financial Highlights for FY23:
- Total Revenue of Rs 1004.89 crore, up 39.79 per cent over FY22.
- EBITDA of Rs 54.70 crore, up 29.47 per cent over FY22.
- Profit After Tax of Rs 40.25 crore, up 27.94 per cent over FY22.
- The EPS for FY23 is Rs 1.33.
Additionally, The Board of Directors of the company have declared a final dividend of Rs 0.10 per share for a face value of Rs 1 for the financial year 2022-2023.
Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now
On Friday, shares of Salasar Techno Engineering Ltd plunged 2.27 per cent to Rs 50.17 per share from its previous closing of Rs 51.89. The stock’s 52-week high is Rs 58.30 and its 52-week low is Rs 27.60
Established in 2006 as a tower manufacturer, Salasar Techno Engineering Ltd has emerged as a fast-growing steel structure manufacturer & EPC infrastructure company, providing services across the telecom, energy and railways sector. In the financial year 2022-2023, the company conducted a stock split, reducing the share value from Rs 10 to Rs 1, with a record date set on June 27, 2022.
The stock gave multibagger returns of 450 per cent in just 3 years while the BSE Sensex Index is up by 70 per cent. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.