93 per cent growth in net profit: This multibagger micro-cap company reports stellar results!
On Monday, shares of the company surged by 10.77 per cent and made an intraday high of Rs 125 while having a spurt in volume by more than 2.41 times.
Established in 1987 and based in Tuticorin, Tamil Nadu, Kings Infra Ventures Ltd is a company actively involved in various aspects of the seafood industry. Its operations include aquaculture farming, seafood processing, international trade of marine products, aquaculture consultancy, development of food-related infrastructure, as well as domestic marketing and supply of retail packaged marine products.
Kings Infra Ventures Ltd recently announced their FY23 results. Sales of the company in FY23 grew by 48.92 per cent to Rs 61.24 crore as compared to FY22. EBITDA in FY23 grew significantly by 65.08 per cent to Rs 10.59 crore as compared to FY22 and net profit of the company in FY23 grew by whopping 93 per cent to Rs 5.72 crore as compared to FY22.
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The company gave huge returns of 60 per cent in the past 1 year and stellar returns of 470 per cent in the past 3 years. Additionally, the company has a ROCE of 18.4 per cent and a ROE of 17.5 per cent. Moreover, the company was able to grow its sales by 45 per cent over the last 5 years and net profit grew by 57 per cent for the same period.
On Monday, shares of the company surged by 10.77 per cent and made an intraday high of Rs 125 while having a spurt in volume by more than 2.41 times.
Investors should keep a close eye on this trending stock.