High ROE & ROCE Multibagger Stock: Micro cap company strengthens Board with key appointments amidst a stellar financial performance!
The stock is up by 33 per cent in just 1 month and over 125 per cent in less than 3 years.
Prevest Denpro Ltd, a leading dental products manufacturer, has announced the addition of new members to its Board of Directors to foster growth amidst impressive financial performance. The company achieved remarkable results in the previous fiscal year, with a 30 per cent year-on-year increase in revenue and a 36 per cent rise in net profit.
Mr Vaibhav Munjal, the son-in-law of the promoters Mr Atul Modi and Mrs Namrata Modi, joins as Executive Director & Chief Marketing Officer, bringing the experience of working in Indian and MNC companies. Mr Munjal is a Mechanical Engineer from Thapar Institute of Engineering Technology and an MBA from SCMHRD, Pune. The company also appointed CA Pradeep Gandotra as an Independent Director to bring his expertise in accounting, finance and taxation to the Board of Directors.
DSIJ offers a product 'Tiny Treasure' with recommendations for Small-Cap & micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here
Recently, the company released its Quarterly Results and annual results wherein it reported excellent numbers. The net sales rose by 39 per cent and net profit skyrocketed 107 per cent in Q4FY23 over Q4FY22. In FY23, net sales and net profit rose by 30 per cent each over FY22.
On Monday, shares of Prevest DenPro zoomed 1.21 per cent to Rs 425 per share with the day's high of Rs 429 and the day's low of Rs 418.20.
Prevest DenPro Limited is into the development and manufacturing of dental materials used for the diagnosis, prevention and treatment of dental conditions. The company is heavily export-oriented. This micro-cap company has a market cap of 510.13 crore. The stock has a ROE of 26 per cent and a ROCE of 32 per cent.
The stock is up by 33 per cent in just 1 month and over 125 per cent in less than 3 years. Investors should keep an eye on this mulitbagger stock.