Low PE and High ROE multibagger stock: Shares of this small-cap company hits 52-week high as the Board announces 150 per cent dividend!
The stock gave 128.26 per cent returns in 6 months, up 187.51 per cent in 2 years and over 450 per cent in 3 years.
Manaksia Ltd, a leading exporter of steel, aluminium and packaging products announced that the Board has recommended a final dividend of 150 per cent (i.e., Rs 3 per equity share having a face value of Rs 2 each) on the equity shares of the Company for the Financial Year 2022-23 and the dividend will be paid within 30 days from the date of AGM provided the same is approved by the shareholders of the company.
According to standalone Quarterly Results, the net sales increased by 145.61 per cent and net profit increased by 46.25 per cent in Q4FY23 over Q4FY22. According to standalone annual results, the net sales increased by 128.33 per cent and net profit increased by 1,048.90 per cent in FY23 over FY22. The EPS for FY23 stood at Rs 14.83.
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On Friday, shares of Manaksia Ltd surged 5.14 per cent to make a new 52-week high of Rs 177.95 per share with a spurt in volume by more than 1.04 times on BSE. At 03:30 pm, shares of the company, ended the day in green, up 3.96 per cent to Rs 176.10 per share.
Incorporated in 1984, Manaksia Ltd is primarily engaged in trading and export of steel, aluminium and packaging products. The company has 4 subsidiaries: MINL Ltd, Dynatech Industries Ghana Ltd, Manaksia Overseas Ltd and Manaksia Ferro Industries Ltd. Additionally, it has 2 step-down subsidiaries, namely Mark Steels Ltd and Jebba Paper Mills Ltd.
The stock gave 128.26 per cent returns in 6 months, up 187.51 per cent in 2 years and over 450 per cent in 3 years. Investors should keep an eye on this multibagger Small-Cap stock under their watchlist.