Multibagger from its 52-week low; Board is likely to announce stock split!

The stock has an ROE of 40.06 per cent and a ROCE of 31.25 per cent.

Hardwyn India Ltd announced that a meeting of the Board of Directors of the Company will be held on Wednesday, April 26, 2023 inter-alia to discuss and approve the following businesses:  

1. To consider the split of equity shares of the company and consequent amendment to the capital clause of the Memorandum of Association (MoA) of the company, subject to the approval of the shareholders and other necessary approvals, to give effect to the said changes. 

Today, one of the Top Gainers on BSE, shares of Hardwyl India Ltd was locked in 20 per cent upper circuit to Rs 305.70 per share from its previous closing of Rs 254.75. The stock gave multibagger returns of 281.93 per cent from its 52-week low of Rs 80.04 per share. 

Hardwyn India Ltd is a manufacturer of architectural hardware and glass fittings, which provides complete solutions to residential and commercial structures. Today, shares of the company saw a spurt in volume by more than 2.37 times on BSE

According to the financials, Hardwyn India has a market cap of Rs 800 crore with a 1-year CAGR of over 200 per cent. In Q3FY23, net sales rose by 30 per cent and net profit rose by 230.30 per cent over Q3FY22. The net sales rose by 47.37 per cent and the net profit rose by 50 per cent in FY22 over FY21.  

The stock has an ROE of 40.06 per cent and a ROCE of 31.25 per cent. Investors should keep an eye on this Small-Cap stock.