Low PE multibagger stock below Rs 50: Micro-cap stock zoomed 20 per cent in Friday’s session on outstanding results!

The stock gave multibagger returns of 109 per cent in just year whereas BSE Sensex Index is up by 20.63 per cent.

Shri Krishna Devcon Ltd, one of the leading realty business development company, announced its Quarterly Results and annual results for the year ended March 31, 2023. Details Below:

Financial Highlights for the Q4FY23: 

• Total Revenue stood at Rs 17.90 crore, up 48.18 per cent over Q4FY22. 
• Profit After Tax (PAT) stood at Rs 4.82 crore, up 120 per cent over Q4FY22.  
• The EPS for Q4FY23 is Rs 1.72.  

Financial Highlights for FY23: 

• Total Revenue stood at Rs 31.29 crore, up 55.28 per cent over FY22.  
• Profit After Tax (PAT) stood at Rs 4.82 crore, up 74 per cent over FY22.
• The EPS for FY23 is Rs 1.72.

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On Friday, shares of Shri Krishna Devcon Ltd zoomed 20 per cent upper circuit to Rs 28.56 per share from its previous closing of Rs 23.80 per share. The shares of the company saw a spurt in volume by more than 7.15 times on BSE. The stock has a 52-week high of Rs 31.65 per share and a 52-week low of Rs 17.70 per share.

The shares of the company have a PE of 16.5x whereas sectoral PE is 30x with a 1-year CAGR of 29 per cent. The stock gave multibagger returns of 109 per cent in just 2 years whereas BSE Sensex Index is up by 20.63 per cent. Investors should keep an eye on this micro-cap realty stock.