8,000 per cent returns in this low PE & high ROE multibagger penny stock at Rs 15.68; Company reports a 7,260 per cent jump in net profit
The stock is up by 92 per cent from its 52-week low of Rs 8.16 per share; 2,700 per cent in 3 years and a whopping 8,000 per cent in a decade.
Gujarat Toolroom Ltd (GTL), established in 1991, has traditionally focused on developing and managing mines and minerals. However, their vision has recently extended towards a more sustainable future. GTL's innovative Hybrid-Green Energy Power Plant project represents a significant step in this direction. The company has a market cap of Rs 182.93 crore.
This state-of-the-art facility, spanning 65 acres in Gujarat, leverages a strategic combination of renewable energy sources. GTL has meticulously allocated land for both solar panels and on-shore wind turbines. The 60-acre solar panel array boasts an impressive capacity of generating 1 Megawatt of clean energy per hour per acre. Alongside this, 15 strategically positioned wind turbines, each with a generation capacity of 2.5 Megawatts per hour, further contribute to the plant's overall power output. This hybrid approach ensures that GTL can maximize energy production while minimizing environmental impact.
The project is not just about harnessing renewable resources; it's a testament to GTL's commitment to technological advancement and environmental responsibility. With an estimated investment of Rs 572.5 crore, the Hybrid-Green Energy Power Plant is poised to generate a significant 97.5 Megawatts of power per hour. Upon completion, this clean and reliable energy is expected to illuminate an estimated 70,000 to 73,000 households, contributing positively to the social and environmental landscape.
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Quarterly Results: The net sales increased by 19,710 per cent to Rs 324.10 and net profit increased by 7,260 per cent to Rs 53.88 crore in Q4FY24 compared to Q4FY23.
Annual Results: The net sales increased by 22,957 per cent to Rs 555.43 crore and net profit increased by 5,164 per cent to Rs 73.12 crore in FY24 compared to FY23.
Today, shares of Gujarat Toolroom Ltd were locked in a 2 per cent upper circuit to Rs 15.68 per share from its previous closing of Rs 15.38. The stock’s 52-week high of Rs 45.97 per share and its 52-week low is Rs 8.16 per share. The shares of the company have a PE of 10x and an ROE of 42 per cent.
As of March 2023, the FIIs own 0.28 per cent stake while the rest 99.72 per cent stake is owned by the public shareholders. The stock is up by 92 per cent from its 52-week low of Rs 8.16 per share; 2,700 per cent in 3 years and a whopping 8,000 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.
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