Multibagger penny stock under Rs 15 hits 20 per cent upper circuit as the company reports a 525 per cent jump in net profit!

The stock gave multibagger returns of 305 per cent in just 2 years and over 900 per cent returns in 5 years.

Mishtann Foods Limited (BSE: 539594), one of India's leading FMCG company with a primary focus on various types of Basmati rice, has announced its Quarterly Results ended June 30, 2023. Here are the details:

Consolidated Financial Performance Comparison - Q1FY24 vs Q1FY23.

• Revenue from Operations grew by 85.73 per cent from Rs 158.26 crore in Q1FY23 to Rs 293.94 crore in Q1FY24 primarily driven by robust demand for various products in the domestic and international markets.
• EBITDA skyrocketed by 298.84 per cent from Rs 18.24 crore in Q1FY23 to Rs 72.75 crore in Q1FY24.  
• PAT skyrocketed by 525.31 per cent from Rs 11.02 crore in Q1FY23 to Rs 68.91 crore in Q1FY24.

Consolidated Financial Performance Comparison - FY23 vs FY22

• Revenue from operations recorded a healthy growth of 90.33 per cent from Rs 257.72 crore in FY22 to Rs 490.51 crore in FY23.
• The EBITDA increased by 82.63 per cent from Rs 7.50 crore in FY22 to Rs 13.69 crore in FY23.
• PAT skyrocketed by 395.97 per cent from Rs 1.17 crore in FY22 to Rs 5.79 crore in FY23.
• In the last financial year, the company declared bonus shares in the ratio 1:1 and a dividend of Rs 0.0010 per share for a face value of Rs 1. The company's ex-bonus date was May 6, 2022, and its ex-dividend date was September 22, 2022.

Earlier, the company had informed the exchanges that Nomura Singapore Ltd ODI, over the period has increased its stake in Mishtann Foods to 1.28 per cent (1,28,25,854 Shares).

On Monday, shares of MFL zoomed 20 per cent upper circuit to Rs 13.57 per share from its previous closing of Rs 11.31. The stock has a 52-week high of Rs 13.57 per share with a spurt in volume by more than 11.14 times on BSE. The stock gave multibagger returns of 305 per cent in just 2 years and over 900 per cent returns in 5 years.

The company has reduced its debt and delivered good profit growth of 60 per cent CAGR over the last 5 years. The stock has a ROE of 39.70 per cent and a ROCE of 46.40 per cent. This FMCG small-cap stock should be kept under the radar.

Disclaimer: The article is for informational purposes only and not investment advice.

2 comments on article "Multibagger penny stock under Rs 15 hits 20 per cent upper circuit as the company reports a 525 per cent jump in net profit!"

Babubhai Rathod

Dear Sir,

I have 200 share of Mishtann foods Ltd. I have buy this share last three months ago. I also illegible for bonus share?

7/19/2023 11:22 AM

HDN murthy

High velocity stock.No surprise if it reaches R's 200 in two years.

7/19/2023 2:22 PM

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