Penny Stock Under Rs 5: Multibagger Engineering Company Bags Order from Reliance Industries Worth Rs 600 Million; Stock Hits Upper Circuit Today!
The company’s shares have delivered a multibagger return of over 120 per cent in just 1 year.
This micro-cap company announced that it has received a substantial order from Reliance Industries Limited for the supply of construction materials. The order is intended to be completed within the current financial year, with a total value of Rs 600 million, including taxes.
Today, the shares of Ishan International Limited are closed at around Rs 2.85 per share. The company’s current market capitalization stands at Rs 61.63 crore. The stock has delivered a multibagger return of over 200 per cent in just 1 year. It has undergone a stock split in the ratio of 10:1 while also the company has delivered a bonus share to the shareholders in the ratio of 2:1.
As per the Quarterly Results, in Q4 FY24, Ishan International Limited recorded a revenue of Rs 21.12 crore from Rs 22.34 crore. The operating profit for Q4 FY24 stood at Rs 0.64 crore. The net profit for Q4 FY24 stood at Rs 0.56 crore compared to a profit of Rs 0.97 crore last year in the same quarter. Looking at the annual performance, the company generated a revenue of Rs 30.13 crore in FY24. The operating profit for FY24 was Rs 0.21 crore with a net profit of Rs 0.57 crore compared to a net profit of Rs 0.52 crore in FY23.
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Incorporated in 1995, Ishan International Limited specializes in contracting and construction projects, with a focus on supplying machinery, erecting and installing equipment, commissioning operations, and providing operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants, and pollution control systems.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.