3,513 per cent returns: This small-cap multibagger company receives an order worth Rs 107 crore!

The shares of the company saw a spurt in volume by more than 3.66 times on BSE.

Tinna Rubber and Infrastructure Limited (BSE: 530475), India’s largest integrated waste tyre recycler, has been awarded a 2-year contract for the supply of crumb rubber modifier (CRM) on a rate contract basis by Indian Oil Corporation Limited for their plants at Mathura and Haldia for a total value of Rs 107.50 crore which is over 50 per cent growth in total value from a previous contract.  

Today, shares of Tinna Rubber and Infrastructure zoomed 6.66 per cent to an intraday high of Rs 494.95 per share from its previous closing of Rs 464.05. At the closing bell, shares of the company were in green, up 2.73 per cent to Rs 476.70 per share.  

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Talking about the financials, Tinna Rubber and Infra has a market cap of Rs 410 crore.  The company reported amazing numbers in its Quarterly Results and annual results. In FY22, net sales jumped 83 per cent and net profit skyrocketed 1,700 per cent over FY21. The company has also delivered good profit growth of 30.7 per cent CAGR over the last 5 years.  

The shares of the company have a PE of 20x, a ROE of 24 per cent and a ROCE of 25 per cent. The stock gave multibagger returns of 3,513 per cent over a period of 3 years whereas BSE Small-Cap Index is up just up by 40 per cent.   

The shares of the company saw a spurt in volume by more than 3.66 times on BSE. Investors should keep an eye on this stock under their watchlist.