1,200 per cent returns: This micro-cap multibagger stock receives an order worth Rs 9 crore!
The company has delivered stellar returns of 82.7 per cent over the past year and whopping returns of 1,292 per cent over the past 3 years.
Bansal Roofing Products’ initial focus was on marketing and selling roofing sheets, but it later transitioned into manufacturing roofing sheets and related accessories. Now, it has evolved into a comprehensive infrastructural firm, providing pre-engineered building solutions (PEBs). The company has successfully completed more than 125 projects in India and abroad, installing over 1 million square meters of metal sheets. Notably, 95 per cent of the PEB components are produced in-house.
On August 4, 2023, Bansal Roofing Products entered into an agreement to supply 900 metric tonnes of PEB (Pre-Engineered Building) to Kutch Copper Ltd at a total cost of Rs 9.0107 crore, which includes taxes and duties.
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Additionally, the company has reported Q4FY23 results in which sales of the company surged by 1.86 per cent to Rs 24.58 crore as compared to Q4FY22, while operating profit of the company grew by 68 per cent to Rs 2.21 crore as compared to Q4FY22. Similarly, net profit of the company grew by 90 per cent to Rs 1.39 crore as against to Q4FY22.
The company has delivered stellar returns of 82.7 per cent over the past year and whopping returns of 1,292 per cent over the past 3 years. Additionally, the company has a ROCE of 21.2 per cent and a ROE of 19 per cent.
On Monday, shares of the company plunged by 2.51 per cent and traded at Rs 111.54.
Investors should keep a close eye on this microcap stock.
Disclaimer: The article is for informational purposes only and not investment advice.