Multibagger penny stock under Rs 20 hit upper circuit after company successfully executes order worth Rs 310 million from Reliance Industries Ltd
The shares of the company saw a spurt in volume by more than 3.45 times on BSE.
On Monday, shares of Gujarat Toolroom Ltd hit a 5 per cent upper circuit to Rs 13.26 per share from its previous closing of Rs 12.63 per share. The stock’s 52-week high of Rs 45.97 per share and its 52-week low is Rs 10.75 per share. The company's shares have a PE of 3x and an ROE of 170 per cent. The shares of the company saw a spurt in volume by more than 3.45 times on BSE.
Gujarat Toolroom Limited (GTL) has successfully completed a Rs 310 million order for Reliance Industries Ltd., bringing the total order fulfilment to Rs 600 million this financial year. This achievement highlights GTL's commitment to quality, timely delivery, and strong industry partnerships.
Earlier, GTL Gems DMCC, the company's Dubai-based subsidiary, secured a significant international order valued at AED 50 million (approximately Rs 114 crore), expected to be fulfilled within the current quarter. This order is projected to yield profit margins between 5 per cent and 7.5 per cent. Furthermore, GTL Gems DMCC is actively negotiating additional orders worth over AED 100 million (approximately Rs 228 crore) for future quarters, demonstrating strong growth potential in the international market.
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About the Company
Gujarat Toolroom Limited (GTL), a company renowned for its expertise in mining and minerals, is embarking on a transformative journey towards sustainability. Their groundbreaking Hybrid-Green Energy Power Plant project symbolizes this shift, aligning with their vision for a greener future. Beyond its core business, GTL is a diversified industrial conglomerate with interests in construction materials, agriculture, and precious gems. The company has a market cap of Rs 212.35 crore.
Quarterly Results: The net sales increased by 73 per cent to Rs 270.51 crore and net profit increased by 1,015 per cent to Rs 26.79 crore in Q2FY25 compared to Q2FY24.
Annual Results: The net sales increased by 22,957 per cent to Rs 555.43 crore and net profit increased by 5,164 per cent to Rs 73.12 crore in FY24 compared to FY23.
As of October 2024, the FIIs own 27.15 per cent stake, DIIs own 0.10 per cent stake while the remaining 72.75 per cent stake is owned by the public shareholders. The stock is up by 23.3 per cent from its 52-week low of Rs 10.75 per share; 1,065 per cent in 3 years and a whopping 5,200 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.