Low PE & high ROE multibagger stock from Breweries & Distilleries Industry; Board likely to announce bonus shares!
From Rs 58.90 to Rs 350 per share, the stock gave multibagger returns of 494 per cent in 3 years.
Aurangabad Distillery Limited informed that the meeting of the Board of Directors of the company scheduled to be held on Monday, September 02, 2024, inter alia to consider and approve:
- Increase in authorised share capital of the company and alteration of capital clause of memorandum of association of the company, subject to the approval of the shareholders of the company.
- Issue of bonus shares to the shareholders of the company, subject to the approval of the shareholders of the company.
Aurangabad Distillery Ltd, established in 2000, is a distillery company located in Walchandnagar, Maharashtra. The company specializes in producing various alcohol-based products, including rectified spirit, neutral alcohol, specially denatured spirit, potash, bio potash and de potash vinasse. These products are used in a wide range of industries, including liquor production, medicine, cosmetics, agriculture and chemicals. The company's unit has a manufacturing capacity of 180 lakh litres and operates using PLC-based distillation technology.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
On Wednesday, shares of Aurangabad Distillery Ltd gained 1.32 per cent to Rs 350 per share from its previous closing of Rs 345.45 per share. The stock’s 52-week high is Rs 389.90 per share and its 52-week low is Rs 188 per share.
The company has a market cap of Rs 287 crore and has delivered good profit growth of 26.4 per cent CAGR over the last 5 years. The shares of the company have a PE of 14x whereas the industry PE is 40x with an ROE of 32 per cent and an ROCE of 30 per cent. From Rs 58.90 to Rs 350 per share, the stock gave multibagger returns of 494 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: FMCG Company Acquires Single Largest Stake in Virat Kohli – Backed Digital First Brand ‘RAGE COFFEE’