625 per cent returns: This multibagger auto company reports a 143 per cent jump in net profit after bonus shares & dividend!

The stock gave multibagger returns of 126.28 per cent in just 1 year, 140 per cent returns in 2 years and 625 per cent returns over the span of 3 years.

NDR Auto Components Ltd operates in the auto components industry and manufactures seat frames and trims for four-wheelers and two-wheeler vehicles and other accessories relating to car seats. The company announced its Quarterly Results ended June 30, 2023.

In comparison to Q1FY23, the net sales increased by 102. 46 per cent to Rs 127.63 crore, the operating profit increased by 128.65 per cent to Rs 12.79 crore and the net profit increased by 143.60 per cent to Rs 6.32 crore in Q1FY24. The EPS for Q1FY24 stood at Rs 13.86.

Earlier, the company announced bonus shares in the ratio of 1:1 and a final dividend of 50 per cent or Rs 5 per equity share having a face value of Rs 10 each. The record date for a final dividend was Tuesday, July 12, 2023 and for bonus shares, the record date was Monday, July 24, 2023.

According to the annual results, the net sales increased by 75.89 per cent to Rs 1,091 crore and net profit increased by 38.73 per cent to Rs 39.40 crore in FY23 over FY22. The shares of the company have a PE of 16x, an ROE of 16 per cent and a ROCE of 18 per cent.

On Tuesday, shares of NDR Auto Components surged 2 per cent upper circuit to Rs 438.20 per share from its previous closing of Rs 429.65. The company has a market cap of Rs 521.14 crore with a 3-year stock price CAGR of 94 per cent.

The stock gave multibagger returns of 126.28 per cent in just 1 year, 140 per cent returns in 2 years and 625 per cent returns over the span of 3 years. Investors should keep on this micro-cap auto stock.

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