1,200 per cent returns: This multibagger micro-cap company receives order worth Rs 901.07 lakh from Kutch Copper Ltd!
The stock gave multibagger returns of 250 per cent in just 2 years whereas BSE Capital Goods Index is up by 85 per cent.
Bansal Roofing Products Limited has informed that the company have received a receipt of an award of Rs 901.07 lakhs (including taxes & duties) from Kutch Copper Limited for the supply of 900 metric tonnes of PEB material. The order includes fabrication of the pipe rack and will be completed within 5 months after receipt of the complete fabrication drawings.
Additionally, the company announced Quarterly Results wherein net sales increased by 20 per cent to Rs 28.93 crore, the operating profit increased by 48 per cent to Rs 1.94 crore and the net profit increased by 57.55 per cent to Rs 1.15 crore in Q1FY24 over Q1FY23.
Bansal Roofing Products Ltd manufactures and sells pre-engineered buildings (PEBs) and roofing accessories. The company has a market cap of Rs 141.32 crore with a 5-year stock price CAGR of 68 per cent. In FY23, net sales increased by 28.46 per cent to Rs 93.25 crore, the operating profit increased by 20.17 per cent to Rs 6.91 crore and the net profit increased by 5.84 per cent to Rs 4.17 crore in FY23 over FY22.
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On Friday, shares of the company were locked in a 5 per cent upper circuit to Rs 107.20 per share from its previous closing of Rs 102.11. The stock’s 52-week high is Rs 129 and its 52-week low is Rs 49.
The stock gave multibagger returns of 250 per cent in just 2 years whereas BSE Capital Goods Index is up by 85 per cent and over 1,200 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.