1,300 per cent returns: This micro-cap multibagger stock reports robust Q1FY24 results!
The company has delivered stellar returns of 158 per cent over the past year and exceptional returns of 1,360 per cent over the past 3 years.
Sumuka Agro Industries, a publicly listed Indian food brand, operates as a retailer, trader, and franchisor. Their offerings include an extensive range of delectable and convenient food products like namkeens and dry fruits, distributed throughout India. The company places significant emphasis on addressing the preferences of health-conscious consumers, a focus that has intensified during the pandemic. Their business is grounded in the principles of quality and hygiene, which profoundly influence their strategic choices.
Sumuka Agro Industries recently announced their robust Q1FY24 results in which sales of the company surged by 408 per cent and stood at Rs 11.5 crore as compared to Q1FY23, while EBITDA of the company grew by 1,567 per cent to Rs 1.5 crore as against to Q1FY23. Similarly, net profit of the company grew by 1,750 per cent and stood at Rs 1.48 crore as against to Q1FY23. Furthermore, the company has been able to grow its sales by 73 per cent (CAGR) over the past 5 years and net profit has grown by 56 per cent (CAGR) for the same period.
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The company has delivered stellar returns of 158 per cent over the past year and exceptional returns of 1,360 per cent over the past 3 years. Additionally, the company has a ROCE of 51.2 per cent and a ROE of 42.3 per cent.
On Monday, shares of the company surged by more than 4 per cent and made an intraday high of Rs 153.70.
Investors should keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.