500 per cent returns in this multibagger penny stock under Rs 100; Board announces bonus shares!

The stock is up by 60 per cent in just 1 year and gave multibagger returns of over 500 per cent in 2 years.

On Wednesday, shares of Yug Decor Ltd zoomed 1.46 per cent to Rs 97.4 per share from its previous closing of Rs 96. The stock traded at an intraday high of Rs 101.05 per share and an intraday low of Rs 97.4 with a spurt in volume by more than 3.33 times on BSE.

Yug Decor informed that the Board of Directors of the company has approved bonus shares in the ratio 15:100 i.e., 15 equity shares of Rs 10 each fully paid up for every 100 equity shares of 10 each fully paid up as of the record date. The company fixed the record date as Thursday, October 05, 2023.  

Yug Decor Ltd does manufacturing and trading of various types of Specialty Chemicals viz, water-based adhesives and solvent-based adhesives. The company has a market cap of Rs 61 crore with a 5-year CAGR of 40 per cent. The company reported excellent numbers in its half-yearly results and annual results.

The net sales increased by 6 per cent to Rs 15.65 crore and the net profit increased by 137 per cent to Rs 1.09 crore in H2FY23 compared to H2FY22. The net sales increased by 28 per cent to Rs 31.19 crore and the net profit increased by 1040 per cent to Rs 1.14 crore in FY23 compared to FY22.

The shares of the company have an ROE of 18 per cent and a ROCE of 21.5 per cent. The stock is up by 60 per cent in just 1 year and gave multibagger returns of over 500 per cent in 2 years. Investors should keep an eye on this micro-cap stock.

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