This multibagger robotic stock aims for an impressive 77 percent growth in FY24, stock was locked at the upper circuit!

Over the last year, the stock has recorded multibagger returns of 269.6 percent, and over the past three years, it has skyrocketed an astounding 990 percent.

Friday witnessed a chaotic day for investors on D-Street as the BSE Sensex tumbled over 500 points, causing panic among market participants. However, amidst this turmoil, a shining star emerged and grabbed the attention of investors, reminiscent of Superman captivating audiences in an epic Hollywood movie. This rising star was none other than Affordable Robotic & Automation Ltd. (ARAPL), a Pune-based company listed on the BSE. Locked at the upper circuit limit of 5 percent for the day, ARAPL's stock price reached Rs. 522.25, highlighting its remarkable performance in a sea of red.

ARAPL, a Pune-based company established in 2005, is a pioneer in providing turnkey automation solutions for automotive industries and parking automation in the realty sector. Listed on the BSE, the company serves esteemed customers such as Bajaj Auto, Tata Motors, Mahindra & Mahindra, Piaggio, Cosma Manga, Lodha, Ruparel, NL, Rudrakash, and plays a vital role in serving smart cities and various other sectors. With a strong presence in the automation world for over a decade, ARAPL has been quietly working on advancing its vision and expertise in the field of Artificial Intelligence (AI) for the past three years.

ARAPL's stock price crossing the significant threshold of Rs. 500 is a testament to the company's exceptional performance and the confidence it has instilled in investors. This exceptional achievement represents an extraordinary surge from a value of Rs. 143 just one year ago, showcasing the remarkable growth trajectory of the company.

Mr. Milind Padole, the Managing Director of ARAPL, expressed his gratitude on this momentous occasion. He attributed this achievement to the relentless dedication and exceptional capabilities of the talented team at ARAPL. Recognizing the unwavering support and trust of shareholders, Mr. Padole emphasized that crossing the Rs. 500 mark has renewed the company's motivation to push boundaries, foster innovation, and deliver unparalleled value to customers and shareholders.

ARAPL has not only gained investor confidence but has also delivered substantial returns. Over the last year, the stock has recorded multibagger returns of 269.6 percent, and over the past three years, it has skyrocketed an astounding 990 percent.

In FY23, company reported a growth of 40 per cent YoY in its total revenue aided solid growth in Car Parking vertical. EBITDA jumped 66 per cent YoY and profit after tax witnessed a surge of 89 per cent YoY.

Looking ahead, ARAPL has set ambitious targets for FY24, with plans to achieve a staggering 77 percent revenue growth compared to the previous year. The company aims to expand its customer base, explore new market segments, and expand into the European market through exports. In the car parking segment, ARAPL is actively working on developing innovative and advanced robotic parking systems.

ARAPL's order book, as of April 1, 2023, stood at approximately Rs. 80 crore, with an additional Rs. 20 crore worth of orders booked in Q1FY24. The pipeline of orders shows promising potential, ranging from Rs. 120 to 140 crore. The company aims to maintain blended margins between 32 and 34 percent for FY24, showcasing its commitment to profitability.

Share your thoughts in the comments section on whether you believe the company will meet its revenue and margin forecasts.