Low PE, high ROE & ROCE stock: This micro-cap company receives multiple orders worth Rs 21.93 crore

The shares of the company have a PE of 16.8x, an ROE of 48.9 per cent and a ROCE of 62.1 per cent.

Innokaiz India Ltd informed that the company have received 7 orders worth Rs 21.93 crore from various clients: Details are below:

NivaBupa Health Insurance Company Ltd placed 4 orders aggregating Rs 9.77 crore, HDFC Life Insurance Company Ltd placed 3 orders aggregating Rs 9.51 crore and Future Generali India Insurance Company Ltd placed 4 orders aggregating Rs 2.65 crore. All 7 orders will be completed within 1 month from the letter of intent.

Innokaiz India Limited provides event management, corporate gifting, advertising, and marketing services through both offline and online formats. It has emerged as a one-stop solution provider for various corporate needs. 

According to the financials, the company has a market cap of over Rs 150 crore. The company has a very strong financial position, with very little debt. Its current debt of Rs 0.64 crore is only 0.5 per cent of its market capitalization, which means that the company is essentially debt-free. Additionally, the company reported positive numbers in its half-yearly results and annual results.

On Friday, shares of Innokaiz India plunged 1.82 per cent to Rs 148 per share with an intraday high of Rs 152.30 and an intraday low of Rs 146. The stock’s 52-week high is Rs 163.39 and its 52-week low is Rs 105. The stock is up by 45 per cent from its 52-week low.

The shares of the company have a PE of 16.8x, an ROE of 48.9 per cent and a ROCE of 62.1 per cent. Investors should keep an eye on this micro-cap stock.

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