Rs 1,375.80 crore order book: Multibagger penny stock under Rs 15 hit upper circuit with heavy volume; PAT jumps over 1,000 per cent!
The stock gave multibagger returns of 180 per cent in just 1 year whereas BSE Sensex Index is up by 24.3 per cent.
On Thursday, shares of Nila Infrastructures Ltd hit a 10 per cent upper circuit to Rs 14.61 per share from its previous closing of Rs 13.29. The stock’s 52-week high is Rs 14.89 per share while its 52-week low is Rs 5.31. The shares of the company saw a spurt in volume by more than 2.6 times on BSE.
Nila Infrastructures Limited incorporated in 1990, is a flagship unit of the Ahmedabad-based Sambhaav Group. The company is involved in the construction of affordable housing projects, and the development of various infrastructures. The company has an order worth Rs 1,375.80 crore.
Talking about the financials, the company has a market cap of Rs 575.47 crore and reported amazing numbers in its Quarterly Results (Q1FY24) and annual results (FY24). According to quarterly results, the net sales increased by 69.1 per cent to Rs 41.31 crore and net profit increased by 1,033 per cent to Rs 4.95 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 61 per cent to Rs 184.65 crore and net profit increased by 848 per cent to Rs 11.42 crore in FY24 over FY23.
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Earlier, the company informed that it has amended the work order received on September 5, 2023, from Shree Infracon Private Limited for the construction of 1,694 residential flats in Ramapir No Tekro, Wadaj, Ahmedabad. This amendment, effective July 20, 2024, increases the work order value by Rs 10.16 crore due to revised rates, bringing the total value to Rs 111.80 crore. All other terms and conditions of the work order remain unchanged as previously disclosed.
The stock gave multibagger returns of 180 per cent in just 1 year whereas BSE Sensex Index is up by 24.3 per cent. Investors should keep an eye on this micro-cap penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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