200 per cent returns in this multibagger stock; Board likely to announce rights issue!
The stock gave multibagger returns of 130 per cent in just 1 year and over 200 per cent returns in the last 2 years.
Billwin Industries Ltd inform you that the meeting of the Board of Directors of the company will be held on Tuesday, June 27, 2023 at 05.00 p.m. at the registered office of the company to consider and transact the following businesses:
1. To approve the Draft Letter of Offer for the proposed rights issue
2. Any other matter incidental to the said right issue.
3. Any other matter with the permission of the Board.
Billwin Industries Limited is in the business of manufacturing and trading protective gear viz. rain wears, life jackets and inflatable boats which are used in seas and other water bodies for safety. Billwin Industries serves customers in India.
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According to the financials, Billwin Industries has a market cap of Rs 11.29 crore. The company reported a net profit of Rs 0.40 crore in Q4FY23 company to a net loss of Rs 0.07 crore in Q4FY22, an increase of 670 per cent. The net sales increased by 9.80 per cent to Rs 4.82 crore and net profit skyrocketed by 236.36 per cent to Rs 0.74 crore in FY23 over FY22.
On Monday, shares of Billwin Industries zoomed 10.42 per cent to Rs 53 per share from its previous closing of Rs 48. The shares of the company have a PE of 13.80x whereas the sectoral PE is 28x. The stock gave multibagger returns of 130 per cent in just 1 year and over 200 per cent returns in the last 2 years. Investors should keep an eye on this micro-cap stock.