1:4 bonus shares & 10:1 stock split in FY24 and promoters sold 43.8 per cent stake: Company reports stellar results; PAT zooms 900 per cent
The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 2.23 per share.
Incorporated in 2013, Maagh Advertising and Marketing Services Limited is an advertising agency primarily offering creative and media services. The company offers a complete range of designing, media, and printing services. The company has a market cap of Rs 285 crore and reported amazing numbers in its half-yearly results and annual results.
Standalone Results
According to half-yearly results, the net sales increased by 361.3 per cent to Rs 18.22 crore and net profit increased by 900 per cent to Rs 0.70 crore in H2FY24 compared to H2FY23. In its annual results, the net sales increased by 175.9 per cent to Rs 25.36 crore and net profit increased by 479.7 per cent to Rs 1.29 crore in FY24 compared to FY23.
Consolidated Results
According to half-yearly results, the net sales increased by 181.5 per cent to Rs 27 crore and net profit increased by 398.8 per cent to Rs 1.22 crore in H2FY24 compared to H2FY23. In its annual results, the net sales increased by 142.4 per cent to Rs 48.55 crore and net profit increased by 349.8 per cent to Rs 2.49 crore in FY24 compared to FY23.
Also Read: Vijay Kedia gains Rs 12,06,05,760 from this multibagger engineering stock in just 1 day as the company reports a 197 per cent jump in net profit
The shares of the company ex-traded bonus shares in the ratio 1:4 and stock split in the ratio 10:1 wherein the record date for bonus shares and stock split was February 05, 2024. The promoters of the company sold a 43.8 per cent stake in the company and decreased their stake to 9.83 per cent in March 2024 compared to 53.63 per cent in March 2023.
On Friday, shares of Maagh Advertising and Marketing Services Limited hit a 5 per cent upper circuit to Rs 11.51 per share from its previous closing of Rs 10.97. The company has a market cap of over Rs 250 crore with the stock’s 52-week high is Rs 19.10 and its 52-week low is Rs 2.23. The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 2.23 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.