Low PE high ROE multibagger stock: Shares of this micro-cap jumped over 5 per cent as it receives an order worth Rs 1.51 crore!

The shares of the company have a PE of 2.85x whereas the sectoral PE is 17.10x with a ROE of 38 per cent and ROCE of 35 per cent.

Shri Bajrang Alliance Ltd (BSE Script Code: 526981) informed that the company has received an order from UK based overseas customer for the supply and export of various types of ready-to-eat frozen food. The order is worth Rs 1.51 crore approx. which will be completed in 6 months from the letter of intent.   

On Thursday, shares of Shri Bajrang Alliance jumped 5.64 per cent to an intraday high of Rs 150.95 per share. At the closing bell, shares of the company ended the trading session in the green, up 0.80 per cent to Rs 144.05 per share.   

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Shri Bajrang Alliance Limited (SBAL), formerly known as Shri Bajrang Alloys Ltd, is one of the group companies of the Goel Group that is engaged in the manufacturing of structural steel products.   

According to the financials, the company reported positive numbers in its annual results. The company has delivered good profit growth of 138 per cent CAGR over the last 5 years.   

The shares of the company have a PE of 2.85x whereas the sectoral PE is 17.10x with a ROE of 38 per cent and ROCE of 35 per cent. The stock gave multibagger returns of 650 per cent in just 3 years. Investors should keep an eye on this stock.