Multibagger in just 6 months: Don't miss action in this SME stock that is likely to announce bonus shares and stock split!

The stock achieved multibagger returns of 408.69 per cent in just 6 months and 632.45 per cent in the last year. 

Shares of Captain Pipes Ltd, one of the Top Gainers on the BSE today, surged 10 per cent upper circuit to Rs 605 per share from its previous closing of Rs 550. The stock achieved multibagger returns of 408.69 per cent in just 6 months and 632.45 per cent in the last year. 

The company's Board of Directors will meet on Friday, January 27, 2023, to discuss the following proposals, according to its most recent news release: a) To consider a proposal for sub-division / split of the Equity shares of the Company having a face value of Rs 10 each. b) To consider issue of bonus shares to the shareholders of the company. c) To consider an increase in the authorized share capital of the company. 

Captain Pipes Ltd is an SME (small and medium enterprises) stock. It is engaged in manufacturing a range of uPVC pipes and fittings. The company provides high-impact uPVC threaded column pipes, plumbing pipes, pressure pipes, casing pipes, plumbing fittings and Agri fittings. Captain Pipes serves customers in India. 

In terms of annual financial statements, the company reported excellent results. In comparison to FY21, the net sales and net profit skyrocketed to 104.46 per cent and 1759.78 per cent respectively in FY22. The company's shares have an ROE of 44.02 per cent and a ROCE of 43.52 per cent, with a one-year CAGR of 566 per cent. Investors should keep an eye on this SME stock.