This multibagger small-cap company reported an increase in net profit by more than 1,242 per cent!
This company gave a whopping return of 647 per cent in just 3 years
As investors navigate treacherous waters filled with ambiguity and doubt, a remarkable story unfolds, a stock that shines brightly amidst the darkness, attracting an unprecedented wave of buying interest.
On Thursday, Inflame Appliance’s shares zoomed by 10.90 per cent to Rs 526.85. It made an intraday high of Rs 570.05 within the first trading session. The shares of the company saw a spurt in volume by more than 11.72 times on BSE.
In H2FY23 the company reported sales of Rs 40.97 crore, witnessing a growth of 10.64 per cent as compared to H2FY22. The EBITDA level stood at Rs 8.31 crore which is an increase of 214.77 per cent. Net profit stood at Rs 4.7 crore which had a significant boom of 1,242 per cent from H2FY22.
In FY23 the company reported sales of Rs 78 crore as compared to FY22 which is a 96.4 per cent increase. Net profit in FY23 stood at Rs 5.13 crore as compared to a loss of Rs 1.47 crore in FY22. The EPS of the company stood at Rs 4.5 in FY23.
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The company is expanding its product offerings in kitchen appliances and targeting to achieve a 50 per cent CAGR for the next 3-5 years. For FY23-24 the company is aiming to produce 240,000 chimneys from Panchkula and 100,000 chimneys from the Hyderabad plant.
Inflame Appliances specializes in manufacturing LPG stoves, cooktops and sheet metal components. Inflame's current operations comprise a metal pressing unit where they produce a variety of kitchen appliances.
The company gave stellar returns of 33.8 per cent for the past 1 year and a whopping 647 per cent return in just 3 years.
Investors should keep a close eye on this small-cap multibagger stock.