Turnaround story - Penny stock under Rs 10: Company posts double-digit PAT for the first time ever, surging by 4,800 per cent, highest profit in the past decade!

The stock has delivered a multibagger return of over 200 per cent to their shareholder in just six months only.

Incorporated in 1983, Franklin Industries Limited engages in wholesale trading of agricultural commodities and jewelry. The company has announced a robust result.

As per the Quarterly Results in Q4 FY24, the company reported a revenue of Rs 18.06 crore compared to a revenue of Rs 8.19 crore, representing a gain of 120 per cent YoY. The company’s operating profit reached Rs 4.54 crore compared to a profit of Rs 2.09 crore in Q4 FY23. The operating margin stood at 25.14 per cent. The net profit of the company was Rs 5.66 crore in Q4 FY24 compared to a net loss of Rs 0.34 crore representing a gain of 1775 per cent.

Turning your attention to the annual performance of the company, it reported a revenue of Rs 50.58 crore, compared to Rs 20.52 crore in FY23. The company reported a double-digit net profit for the first time of Rs 10.46 crore representing a gain of 4790 per cent YoY compared to profit of Rs 0.21 crore in FY23.

On Friday, the company's stock closed at around Rs 7.50 per share, with a market capitalization of Rs 108.45 crore. Additionally, the stock has delivered a multibagger return of around 814 per cent in just one year. Furthermore, the company’s shares have been hitting the continuous upper circuit for the last 4 days, reflecting strong demand in the market with no sellers willing to offer shares. This has resulted in potential buyers being unable to make purchases, leading to disappointment among buyers.

Investors must keep this micro-cap stock on their radar.

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