Promoter of the company bought 2,45,237 shares of this multibagger micro-cap stock with Rs 312 crore order book; stock trades at high ROE & high ROCE!
The stock gave multibagger returns of 240 per cent in 1 year, 800 per cent in 2 years and a whopping 1,370 per cent in 3 years.
Today, the Indian market started to day higher, with BSE Sensex Index and NSE Nifty-50 Index gaining over 0.5 per cent each. About 2,305 shares have advanced, 1,305 declined, and 154 are unchanged on the BSE.
Along with the market in green, one multibagger micro-cap stock was also trading in green. The stock was up by 2.24 per cent to an intraday high of Rs 288 per share from its previous closing of Rs 281.70 per share. The stock’s 52-week high is Rs 304.5 per share and its 52-week low is Rs 73.55 per share.
The stock name is KILBURN ENGINEERING LTD.
Kilburn Engineering Ltd. is engaged in designing, manufacturing and commissioning customized equipment/systems for critical applications in several industrial sectors like chemical, steel, nuclear power, petrochemical & food processing, etc.
In the month of November of 2023, the promoter of the company (Firstview Trading Private Limited) bought in total of 1,44,160 shares at an average price is Rs 270 per share and in the month of December of 2023, the promoter bought another 1,01,077 shares at an average price of Rs 278 per share. Hence the total shares bought by the promoter including 9,274 shares bought today, December 27, 2023, is 2,45,237 shares. These all shares of bought via the open market.
Order book Update: The company’s order book stands at Rs 312 crore as of December 20, 2023. The order book is inclusive of the most recent order received by the company worth Rs 18.85 crore from a leading Indian steel manufacturer on December 19, 2023.
The company has a market cap of Rs 1,000 crore and has delivered good profit growth of 55.1 per cent CAGR over the last 5 years. The shares of the company have an ROE of 33.7 per cent and an ROCE of 30 per cent. The stock gave multibagger returns of 240 per cent in 1 year, 800 per cent in 2 years and a whopping 1,370 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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