Multibagger from its 52-week low; Board announced bonus shares!
The stock also gave multibagger returns of 105.50 per cent from its 52-week low of Rs 121.15 per share and over 700 per cent in 3 years.
Anmol India Ltd (BSE: 542437, NSE: ANMOL), one of the leading players in the Supply chain management industry, commodity trading, and coal import, has approved the issue of bonus shares in the ratio of 4:1, i.e. 4 equity shares for every 1 equity share held by the shareholders of the company as on the record date, subject to the approval of shareholders.
The board also approved an increase in the authorized share capital of the company from the existing Rs 11.50 crore to Rs 57 crore and consequent alteration in the capital clause of the memorandum of association of the company, on account of the issue of bonus shares of the company, subject to the approval of shareholders.
According to the standalone Quarterly Results, revenue from operations grew by 18.70 per cent to Rs 370.13 crore and PAT increased by 40.18 per cent to Rs 4.43 crore in Q4FY23 over Q4FY22. According to the standalone annual results, revenue from operations recorded a healthy growth of 33.12 per cent to Rs 1,410.24 crore and PAT increased by 20 per cent to Rs 18.66 crore in FY23 over FY22. The EPS for FY23 stood at Rs 16.39.
DSIJ offers a service 'Micro Marvel' with recommendations for micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Expansion Plan: The Board of the company said, ‘By exploring new opportunities in the steel and chemical-related products markets and leveraging synergies with our existing client base, we aim to broaden our business horizons and solidify our position as a major player in the global trading arena.” This expansion is set to unlock significant growth potential, as the demand for steel and chemical-related products continues to surge worldwide.
On Tuesday, shares of Anmol India Ltd plunged 0.92 per cent to Rs 241.85 per share with an intraday high of Rs 248.95 and an intraday low of Rs 244. The stock has a PE of 14.89x whereas the sectoral PE is 34x with an ROE of 26.80 per cent. The stock also gave multibagger returns of 105.50 per cent from its 52-week low of Rs 121.15 per share and over 700 per cent in 3 years.
Investors should keep an eye on this micro-cap energy stock.