Multibagger penny stock below Rs 20: RoE of 358 per cent and trading at 1.42x PE; answering the mystery! Multibagger penny stock below Rs 20: RoE of 358 per cent and trading at 1.42x PE; answering the mystery! Despite reporting an operating loss of 0.25 crore in the recent quarterly performance, it boasts an astounding RoE of 358 per cent. How is it possible for a loss-making company to exhibit such a high RoE? Karan Dsij / Sunday, November 12, 2023 / Article rating: 4.0 The stock has surged over 350 per cent in the last three years, marking it as a mega multibagger. However, investors are advised to adopt a holistic perspective, considering the intricacies of the company's financials and strategic decisions.