Rs 37,76,000 invested: This multibagger plastic manufacturing company purchases injection moulding machines to increase capacity!

From Rs 13.23 per share to Rs 114.50 per share, the stock gave multibagger returns of 765.50 per cent in just 3 years.

Avro India Ltd, one of the leading manufacturers of plastic moulded furniture products and a plastic recycler informed that the company purchased an injection moulding machine on October 09, 2023.

 a) Existing Capacity was 4500 pcs approx. per day

b) Existing Capacity Utilization: Utilization is as Mould wise

c) Capacity add is 900 pcs. approx. per day

d) Current capacity stands at 5,400 pcs approx. per day.

e) The invested amount is Rs. 37,76,000

f) Mode of Financing: Purchased through Internal Accruals

g) Rationale: This additional capacity will help the Company to service the multiple range of the products.

Earlier the company announced onboarding the famous Bollywood actor Sonu Sood as its brand association.

Sonu Sood, a well-known actor in the Indian film industry with a career spanning more than two decades, has left an indelible mark on both the entertainment world and society at large. Beyond his exceptional acting skills, Sonu Sood is known as a humanitarian and philanthropist. His unwavering dedication to assisting those in need, along with various other charitable initiatives, has garnered widespread recognition and admiration.

Avro India Ltd has a market cap of Rs 113.65 crore with an ROE of 17.8 per cent and an ROCE of 20.5 per cent. The company reported positive numbers in its Quarterly Results and annual results.

On Friday, shares of Avro India Ltd plunged 0.86 per cent to Rs 110 per share with an intraday high of Rs 114.50 per share and an intraday low of Rs 110 per share. The company has a market cap of Rs 133.10 crore.

From Rs 13.23 per share to Rs 114.50 per share, the stock gave multibagger returns of 765.50 per cent in just 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.