Heavy buying: back-to-back upper circuit in this multibagger; bags new order worth USD 900,000 with 4,000 per cent returns in a year!

This is a micro-cap multibagger stock with a market capitalization of Rs 83.9 crore, also the company has a Return on Equity (ROE) of 28.3 per cent.

EYantra Ventures Limited, a leading provider of staffing solutions, has announced a significant new contract with global tech giant Nvidia Corporation. The international agreement, valued at approximately USD 900,000, will see eYantra providing staffing services to Nvidia over a one-year period.

Order Details:

• Name of the entity awarding: Nvidia Corporation, USA
• Order awarded in brief:  Staffing services, international contract
• Nature of order: Staffing services
• Time period: 1 year
• Size of the order: USD 900,000

According to Quarterly Results, the company registered a remarkable 389.25 per cent year-on-year jump in net sales to Rs 2.24 crore from Rs 0.46 crore in September 2022, indicating significant business expansion. However, quarterly net profit witnessed a 41.36 per cent dip to Rs 0.07 crore from Rs 0.11 crore in the corresponding period last year. Similarly, EBITDA declined 18.18 per cent to Rs 0.09 crore compared to Rs 0.11 crore. The company's Earnings Per Share (EPS) also took the hit, falling to Rs 0.44 in September 2023 from a significantly higher Rs 4.73 in September 2022.

Despite the profit decline, Eyantra Ventures' stock continued its upward trajectory, closing at Rs 461 on December 9, 2023. The stock has delivered an impressive 3,947.85 per cent return in the past year. The stock price has been hitting back-to-back upper circuits for the last 4 days. 

The company boasts an impressive financial picture: it's been debt-free for the past five years, achieved a remarkable 211.49 per cent annual revenue growth that surpasses its 3-year CAGR of negative 10.79 per cent, and maintains efficient operations with interest expenses consuming less than 1 per cent of its operating revenue and employee costs at 4.55 per cent. This combination of financial strength, growth momentum, and cost control paints a promising picture for the company's future.

This is a micro-cap multibagger stock with a market capitalization of Rs 83.9 crore, also the company has a Return on Equity (ROE) of 28.3 per cent.

About EYantra Ventures Limited

Eyantra Ventures Ltd is in the business of Trading diamonds and Trading and Investment in Shares, Securities, and other financial instruments.

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