2:1 Stock Split Likely to be Announced by Multibagger Construction Company; Stock Gains Over 270 per cent in Just 1 Year!
The company’s shares have delivered a multibagger returns over 320 per cent in the past 2 years only.
Incorporated in 1973, Conart Engineers Ltd specializes in general contracting and project management services. Their offerings include cost monitoring, schedule control, subcontractor management, field engineering, safety assurance, project accounting, and quality control. They also provide design-build services focusing on constructability, budgeting, and logistics. Their turnkey services encompass real estate investing, finance, and development. Additionally, Conart offers project management services including master planning, bid phase coordination, cost estimating, CPM scheduling, change order evaluation, and technology services. They serve industries such as heavy manufacturing, chemicals, pharma, residential and commercial sectors, R&D centers, textiles, food, and educational buildings.
The company's Board of Directors will meet on Tuesday, August 13, 2024, to consider and approve, among other items, a stock split of the company's equity shares from Rs 10 each to Rs 5 each.
On Friday shares of Conart Engineers Ltd closed at around Rs 152.15 per share. The company’s current market capitalization stands at Rs 47.78 crore. Additionally, the shares have delivered a multibagger return of over 270 per cent in just 1 year.
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As per the Quarterly Results, in Q4 FY24, Conart Engineers Ltd recorded a revenue of Rs 26.44 crore. The operating profit for Q4 FY24 stood at Rs 1.63 crore along with an operating profit margin of 6.16 per cent. The net profit for Q4 FY24 stood at Rs 1.79 crore compared to Rs 0.66 crore last quarter. Looking at the annual performance, the company generated a revenue of Rs 48.89 crore in FY24. The operating profit for FY24 was Rs 3.52 crore with a net profit of Rs 3.08 crore compared to a net profit of Rs 1.97 crore in FY23.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.