Multibagger Microcap Company Bags Annual Supply Contract with MSRTC for Reinforced Rubberised Packing!
The company’s shares have delivered a multibagger return of over 330 per cent in just 1 year.
Gayatri Rubbers and Chemicals Ltd, a manufacturer and trader of rubber profiles, aluminum rubber profiles, automobile rubber profiles, rubber compounds, various rubber components, and clear PVC profiles, has secured an annual contract from the Maharashtra State Road Transport Corporation (MSRTC) for the supply of 'Reinforced Rubberised Packing'. The company will deliver this material as needed for the contract duration from September 23, 2024, to September 22, 2025.
On Wednesday, the shares of Gayatri Rubbers and Chemicals Ltd are at around Rs 445 per share on the NSE. The company’s current market capitalization stands at Rs 255.34 crore. Additionally, the shares have delivered around 330 per cent multibagger return in the past 1 year.
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The company doesn’t declare Quarterly Results, as per the half yearly results in March FY24, Gayatri Rubbers and Chemicals Ltd recorded a revenue of Rs 13.63 crore compared to Rs 10.91 crore. The operating profit stood at Rs 1.71 crore. The net profit stood at Rs 0.95 crore compared to a profit of Rs 0.55 crore. Looking at the annual performance, the company generated a revenue of Rs 24.41 crore in FY24. The operating profit for FY24 was Rs 2.73 crore with an operating profit margin of 11.18 per cent with a profit of Rs 1.56 crore.
According to the shareholding pattern of the company, the promoters hold a 73.37 per cent stake while public investors own 26.63 per cent of the shares.
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Disclaimer: The article is for informational purposes only and not investment advice.