This small-cap infrastructure company posts robust results: PAT zooms over 900 per cent, FIIs increase stake, stock rallied around 20 per cent with significant volume

The company's shares have rallied around 20 per cent with a significant spurt in trading volumes by 18.5 times on the BSE today.

Texmaco Infrastructure & Holdings Limited is engaged in the businesses of real estate, mini hydro power, trading of goods, and job work services and has announced robust financial performance.

Financial Performance of Texmaco Infrastructure & Holdings

As per the Quarterly Results in March 2024, the company recorded sales of Rs 3.43 crore, reflecting a decline of 18.64 per cent compared to the same period in the previous year, where sales stood at Rs 4.21 crore. However, despite the decrease in sales, the company witnessed a notable increase in profit after tax (PAT), reaching Rs 1.07 crore, marking a substantial growth of 961.39 per cent from the previous year's profit of Rs 0.1 crore.

In FY24, the company's sales amounted to Rs 16.08 crore, slightly lower by 2.69 per cent compared to the previous fiscal year's sales of Rs 16.53 crore. On the other hand, other income for the fiscal year experienced a positive trend, rising to Rs 9.78 crore, indicating a growth of 10.78 per cent from the previous year's value of Rs 8.83 crore. In terms of profit, the company's PAT for FY24 amounted to Rs 3.96 crore, representing a significant increase of 28.49 per cent from the previous fiscal year's PAT of Rs 3.08 crore.

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Stock Performance of Texmaco Infrastructure & Holdings

On Tuesday, the company's stock rallied 19.76 per cent and hit a high of Rs 106.95 per share and closed at around Rs 104.87 per share, with a market capitalisation of Rs 1336.32 crore. Additionally, the stock has delivered a multibagger return of around 253 per cent in the past decade.

Business Overview:

Texmaco Infrastructure & Holdings Limited is an India-based company engaged in the businesses of real estate, mini hydro power, trading of goods, and job work services. The company is involved in the development of a Group Housing Project at the Birla Mill Complex and in leasing out properties. Additionally, it operates a three-megawatt (MW) mini hydel power project located on the river Neora, Kalimpong, West Bengal. Its subsidiaries include Valley View Landholdings Private Limited, Macfarlane & Company Limited, and High-Quality Steels Limited.

Investors must keep this Small-Cap multibagger stock on their radar.

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