Unstoppable Momentum: Multibagger micro-cap stock locks at an upper circuit; do you own it?

Unstoppable Momentum: Multibagger micro-cap stock locks at an upper circuit; do you own it?

Vaishnavi Chauhan

Net profit reported at 340 per cent surge as compared to FY22  

On June 16, 2023, the shares of Evans Electric Limited locked up at an upper-circuit of Rs 100.65 per share on BSE. The 52-week high and low are Rs 205.83 per share and Rs 35 per share, respectively on BSE.  

The company announced their financial results. They are as follows:  

The key highlights of Q4FY23:     

1) Total revenue stood at Rs 4.95 crore in Q4FY23, witnessing a surge of 22.52 per cent YoY basis as compared to Q4FY22.     

2) The operating profit for Q4FY23 is at Rs 1.19 crore, surge of 77.61 per cent on YoY basis as compared to Q4FY22.     

3) Net profit of Rs 0.94 crore for Q4FY23 is up by108.88 per cent on YoY basis, compared to Q4FY22.     

The key highlights for FY23:     

1) Total revenue of Rs 19.13crore, zoomed by 160.62 per cent on YoY basis over FY22.     

2) The EBIDTA level stood at Rs 4.31 crore, witnessing spike of 253.27 per cent on YoY basis, as compared to FY22.     

3) PAT reported at Rs 3.66crore, jumped 346.34 per cent on YoY basis from FY22.     

  

Evans Electric Ltd has evolved into a brand name known throughout the country for specialising in Heavy Electro-Mechanical Repairs and services spanning every make, size and capacity of electrical machine since its incorporation shortly after India's independence.  

  

While providing exclusive and constantly improving repair, refurbishment and support services to the entire Power Generation, Distribution, Manufacturing and Process industries, the Company has grown in strength and focus, catering to the needs and demands of all types of Electro-Mechanical equipment used in Industry today.  

DSIJ offers a service 'multibagger Pick" with recommendations for multibagger stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here

  

The stock has witnessed significant buying activity as it has given mutlibagger returns of more than 140 per cent in just 1 year. Investors should keep an eye on this micro-cap Commercial Services & Supplies stock.

Previous Article Rs 36,226.50 crore orders: This railways wagon company inks 2 contracts with BHEL and RKFL; stock hits 52-week high!
Next Article 52-week high alert in this multibagger stock; Board likely to announce bonus shares!
Rate this article:
4.6

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR