Multibagger penny stock under Rs 50: This small-cap company reports a 125 per cent jump in net profit!

The stock gave multibagger returns of 670 per cent in just 1 year, 1380 per cent in 2 years and a whopping 2,630 per cent in 3 years.

Lloyds Enterprises Limited manufactures steel products. The company engages in designing and manufacturing of heavy fabrication and machine building for hydro carbon sector, oil and gas, steel plants, power plants, nuclear plant boilers, and turnkey projects. Lloyds Enterprises serves customers in India. The company announced stellar Quarterly Results (Q2FY24) and half-yearly results (H1FY24) for the fiscal year 2024. Here are the details:

Quarterly Results: The net sales increased by 405 per cent to Rs 149.32 crore, operating profit increased by 131 per cent to Rs 39.98 crore and net profit increased by 102 per cent to Rs 31.58 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: The net sales increased by 274 per cent to Rs 300.58 crore, operating profit increased by 128 per cent to Rs 59.40 crore and net profit increased by 125 per cent to Rs 46.77 crore in H1FY24 compared to H1FY23.

The company had a market cap of over Rs 5,000 crore and has delivered good profit growth of 98 per cent CAGR over last 5 years. The company is almost debt free and current debt of the company is just Rs 38.9 crore.

On Monday, shares of Lloyds Enterprises Ltd plunged 2.39 per cent to Rs 40 per share from its previous closing of Rs 40.98. The stock traded at an intraday high of Rs 41.95 and an intraday low of Rs 39.5. The stock’s 52-week high of Rs 47.75 and its 52-week low is Rs 4.58.

The stock gave multibagger returns of 670 per cent in just 1 year, 1380 per cent in 2 years and a whopping 2,630 per cent in 3 years. Investors should keep an eye on this Small-Cap metals stock.

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