1,450 per cent returns: This multibagger small-cap company reports a 500 per cent jump in net profit; penny stock under Rs 25

The stock gave multibagger returns of 700 per cent in 2 years and over 1,450 per cent in 3 years.

Sindhu Trade Links Limited, a leading provider of transportation logistics and support services; announced its Quarterly Results ended June 30, 2023. Details below:

Financial Highlights for the Q1FY24: 

• Net sales stood at Rs 427.14 crore, up 73.99 per cent compared to Q1FY23. 
• Operating profit stood at Rs 94.72 crore, up 126.02 per cent compared to Q1FY23.  
• Profit After Tax of Rs 29.24 crore, up 503.06 per cent compared to Q1FY23.  
• The EPS for Q1FY24 is Rs 0.19.

Additionally, the company undertook the development of a mixed-use township at Bilaspur, Chhattisgarh. Bilaspur, also known as The City of Festivals, is one of the 100 Indian cities to be developed as a Smart city under the Smart Cities Mission. The total revenue potential of this development is approx. Rs 550 crore, based on the ongoing property rates in the vicinity. STLL would invest approx. Rs 200 crore in this project, with funds being raised through internal accruals and construction finance.

The company previously issued bonus shares in the ratio of 2:1 and split its stock from a face value of Rs 10 to Rs 1. The ex-bonus issue date was May 19, 2022, and the ex-split date was February 3, 2022.

On Friday, shares of Sindhu Trade Links plunged 9.10 per cent to Rs 24.96 per share from its previous closing of Rs 27.46. The stock’s 52-week high is Rs 34.35 and its 52-week low is Rs 15.30.  

The company has a market cap of over Rs 3,800 crore with a CAGR of 55 per cent in 5 years. The stock gave multibagger returns of 700 per cent in 2 years and over 1,450 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.