780 per cent returns in this multibagger penny stock below Rs 60; Company receives an order worth Rs 28,02,800 from Attar!

The shares of the company have a ROE of 31.80 per cent and a ROCE of 39 per cent.

Syschem (India) Limited (BSE scrip code: 531173), a leading manufacturer of active pharmaceutical ingredients (APIs) and bulk drugs, informed the exchange that the company has received order worth Rs 28,02,800 from Attar.

The order includes 25 kgs 40 drums, Amoxcycillin Trihydrate Compacted BP CAS No: - 61336-70-7 made per month till the complete delivery of the ordered quantity. The order will be delivered within 7 days from LOI.

On Tuesday, shares of Syschem (India) Limited plunged 1.01 per cent to Rs 52.12 per share from its previous closing of Rs 52.65. The stock traded at an intraday high of Rs 53.50 per share and an intraday low of Rs 50.50 per share.

The company has a market cap of Rs 166 crore and is almost debt-free, with only Rs 1.61 crore in debt. This represents just 0.97 per cent of its current market cap. The Company has delivered good profit growth of 59.3 per cent CAGR over the last 5 years.

According to the Quarterly Results, the net sales increased by 185 per cent to Rs 43.1 crore and net profit increased by 137 per cent to Rs 1.68 crore in Q1FY24 over Q1FY23. According to the annual results, the net sales increased by 93 per cent to Rs 114 crore and net profit increased by 350 per cent to Rs 5 crore in FY23 over FY22.

The shares of the company have a ROE of 31.80 per cent and a ROCE of 39 per cent. The stock gave multibagger returns of 575 per cent in 2 years and over 780 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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