Multibagger Penny Stock Under Rs 50: Company Reports 36.4 Per Cent Revenue Jump To Rs 2,166 Crore in 9MFY25
The stock gave multibagger returns of 505 per cent in 5 years and a whopping 3,155 per cent since its listing in 2005.
On Friday, shares of BCL Industries Ltd plunged 7.82 per cent to Rs 38.05 per share from its previous closing of Rs 41.28 per share. The stock’s 52-week high is Rs 86.25 per cent while its 52-week low is Rs 38.05 per share. The shares of the company saw a spurt in volume by more than 2.30 times.
BCL Industries Limited, a Mittal Group agro-processing company established in 1976, operates across multiple sectors including edible oils, rice, distilleries, and real estate. With a market capitalization over Rs 1,700 crore, the company has expanded its ethanol production capacity to 1,100 KLPD through new plants and a subsidiary expansion. Further developments include a 75 KLPD Bio-Diesel and oil extraction plant in Kharagpur, a planned 150 KLPD ethanol plant in Bathinda, and ongoing Bio-Diesel plant construction there. Benefiting from high ethanol demand, BCL recently secured a 60 lakh litre ENA order and, along with its subsidiary, received an allocation of 18.25 crore litres of ethanol for the Ethanol Supply Year 24-25, a significant increase from last year.
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According to Quarterly Results, the net sales increased by 18.3 per cent to Rs 762 crore and net profit decreased by 36.3 per cent to Rs 21 crore in Q3FY25 compared to Q3FY24. In its annual results, the net sales increased by 21 per cent to Rs 2,200.62 crore in FY24 compared to Rs 1,819.92 crore in FY23 while the net profit increased by 49 per cent to Rs 95.92 crore in FY24 compared to Rs 64.36 crore in FY23. Looking at its nine-month results, the net sales increased by 36.4 per cent to Rs 2,166 crore and net profit increased by 4.1 per cent to Rs 75 crore in 9MFY25 compared to 9MFY24.
An ace investor, Sangeetha S owned a 1.13 per cent stake in the company as of December 2024 and The President of India’s portfolio took a fresh entry and bought 27,10,000 shares or 0.92 per cent stake in the company. The stock gave multibagger returns of 505 per cent in 5 years and a whopping 3,155 per cent since its listing in 2005.
Disclaimer: The article is for informational purposes only and not investment advice.