1:1 Bonus Shares: This Multibagger Engineering Company Bags an International Order Worth USD 1.6 Million – Stock Gains Around 900 Per cent in Just 1 Year!
The company’s shares have delivered impressive multibagger returns of over 3,100 per cent in just 3 years.
Rajoo Engineers Limited, established in 1986 and led by Mr. C.N. Doshi and Mr. R.N. Doshi, specializes in manufacturing plastic-extrusion machinery in Gujarat. The company designs and produces customized machines tailored to the specific requirements of its customers.
Today the company has announced that it has received a single purchase order worth USD 1.6 million from one of its leading prime overseas customers for a High Barrier Seven-Layer Blown Film Machine.
Recently, the company announced bonus shares in the ratio of 1:1, i.e., 1 new fully paid equity share for every existing equity share held as of the record date, subject to approval by shareholders through a postal ballot. Additionally, the Board of Directors has recommended a final dividend of 25 per cent, amounting to Rs 0.25 per equity share with a face value of Rs 1.00 (pre-bonus), for the financial year ending March 31, 2024.
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Share Performance:
Today Rajoo Engineers Limited shares closed the day at Rs 410.55 per share. The company’s current market capitalization stands at Rs 5050 crore. The stock has delivered a multibagger return of over 890 per cent in just 1 year only.
Financial performance:
According to the Quarterly Results, in Q1 FY25, Rajoo Engineers Limited reported a revenue of Rs 50.87 crore and an operating profit of Rs 7.12 crore. The operating profit margin for the quarter stands at 14 per cent. The company’s net profit stood at Rs 5.34 crore compared to Rs 2.46 crore. In FY24, the company reported a revenue of Rs 197 crore compared to Rs 160 crore and a net profit of Rs 20 crore, compared to a profit of Rs 10 crore in the previous year.
Investors must keep this Small-Cap multibagger engineering stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.