Turnaround Story with 1,650 Per cent Multibagger Return in Just 1 Year: Microcap Company Secures Rs 6 Crore Order from Dabur & India’s 2nd Largest Golden Temple!
The company’s shares have delivered an impressive return of over 220 per cent to its shareholders.
The micro-cap company has announced that recently secured substantial orders that will significantly boost its business operations and financial performance. The orders, worth Rs 6 crore, have been received from two major clients, Dabur and Sachkhand Sri Harmandir Sahib Sri Darbar Sahib, the second-largest Golden Temple in India, attracting lakhs of daily devotees. These orders are slated for execution in September.
Jhandewalas Foods offers a diverse product portfolio, including Desi Ghee, poha, mangodi, papad, and kesar under the brand name Namans, and Cow Ghee under the brand name Godhenu. The company also produces porridge, nachos, and pasta under the brand name Yumm Yoo, and refined groundnut oil under the brand name Polki.
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Today, the shares of Jhandewalas Foods closed at around Rs 114.65 per share on the BSE. The company’s current market capitalization stands at Rs 117.64 crore. Additionally, the shares have delivered an impressive multibagger return of over 1650 per cent in just 1 year.
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As per the Quarterly Results, in the Q1 FY25, Jhandewalas Foods recorded a revenue of Rs 16 crore compared to Rs 10 crore. It reported an operating loss of Rs 3 crore. The net profit stood at Rs 23 crore. Looking at the annual performance, the company generated a revenue of Rs 26 crore in FY24 compared to Rs 13 crore representing a gain of 105 per cent. The operating loss for FY24 was Rs 3 crore with a net profit of Rs 24 crore compared to a loss in FY23.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.