FII-backed high ROE & high ROCE multibagger penny stock under Rs 15: This small-cap company reports 690 per cent jump in net profit!
The stock has a ROE of 39.70 per cent and a ROCE of 46.40 per cent.
Mishtann Foods Ltd (BSE Scrip Code: 539594), one of India's leading FMCG company with a primary focus on various types of Basmati rice, approved the unaudited Financial Results of the company for the second quarter ended on September 30, 2023. Here are the details:
Consolidated Financial Performance Comparison – Q2FY24 v/s Q2FY23
- Revenue from Operations grew by 99.50 per cent from Rs 159.58 crore in Q2FY23 to Rs 318.39 crore in Q2FY24 primarily driven by robust demand.
- EBITDA increased by 394.21 per cent from Rs 18.32 crore in Q2FY23 to Rs 90.54 crore in Q2FY24.
- EBITDA margins increased from 11.48 per cent in Q2FY23 to 28.43 per cent in Q2FY24 by 1695 bps.
- PAT increased by 690.50 per cent from Rs 11.06 crore in Q2FY23 to Rs 87.43 crore in Q2FY24.
- PAT margins increased from 6.93 per cent in Q2FY23 to 27.46 per cent in Q2FY24 by 2053 bps.
Mishtann Foods Ltd (BSE Scrip Code: 539594), one of India's leading FMCG company with a primary focus on various types of Basmati rice. An FII, Nomura Singapore Ltd ODI increases its shareholding to over 2 per cent of total share capital. Nomura Singapore Ltd ODI has hiked its stake in Mishtann Foods Ltd from 1.28 per cent (1,28,25,854 shares) to 2.19 per cent (2,18,82,762 shares) in the September quarter.
Today, shares of Mishtaan Foods Ltd plunged 0.91 per cent to Rs 13.02 per share from its previous closing of Rs 13.14 with an intraday high of Rs 13.3 and an intraday low of Rs 12.99. The stock has a 52-week high of Rs 15.10 and a 52-week low of Rs 7.09.
According to the annual results, net sales increased by 90.33 per cent to Rs 490.51 crore and net profit skyrocketed by 395.97 per cent to Rs 5.79 crore in FY23 over FY22. In the last financial year, the company declared bonus share in the ratio 1:1 and a dividend of Rs 0.0010 per share for a face value of Rs 1.
The company has reduced its debt and delivered good profit growth of 50 per cent CAGR over the last 5 years. The stock has a ROE of 39.70 per cent and a ROCE of 46.40 per cent. The stock gave multibagger returns of over 230 per cent returns in 3 years. This FMCG Small-Cap stock should be kept under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.