Multibagger stock below Rs 5: Micro-cap company declares stellar results; reports a 2,414 per cent jump in net profit!
The stock gave multibagger returns of 160.43 per cent in just 1 year.
Today, one of the Top Gainers on BSE, shares of R O Jewels Ltd surged 5 per cent upper circuit to Rs 4.87 per share from its previous closing of Rs 4.96. The stock gave multibagger returns of 160.43 per cent in just 1 year.
RO Jewels Ltd. (BSE: 543171), a leader in the gems and jewellery industry, has announced stellar earnings for the fourth quarter and year ended 31 March 2023. Details below:
FY23 Financial Highlights:
- Revenue jumped 918 per cent YoY, from Rs 46.79 crore (FY22) to Rs 506.52 crore (FY23).
- EBITDA increased by 1,013 per cent YoY.
- PAT grew 1,047 per cent YoY.
Q4FY23 Financial Highlights:
- Revenue Jumped 1,345 per cent YoY, from Rs 33.98 crore (Q4FY22) to Rs 491.25 crore (Q4FY23)
- PAT grew 2,414 per cent
- For the quarter ended March 31, 2023, FPI’s stake in RO Jewels Ltd. stood at 7,55,000 shares.
DSIJ offers a service 'Micro Marvel' with recommendations for micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here
RO Jewels Ltd. (BSE: 543171), a leader in the gems and jewellery industry, is actively involved in the wholesale trade of gold and silver chains. Its primary focus is on offering a range of gold-based chains, bracelets, gold/silver bars, and necklaces. The company exclusively acquires ready-made chains and other jewellery items from established jewellery manufacturers and independent wholesalers located in Ahmedabad and Mumbai. Notably, the company's jewellery products are predominantly distributed throughout Gujarat, employing a combination of B2B marketing and direct/outbound marketing strategies. The company boasts a diverse and extensive portfolio.
The company have a market cap of Rs 24.57 crore. The stock has a PE of 12.20x whereas the sectoral PE is 40x. Recently, the company underwent a stock split, where the face value of each share was reduced from Rs 10 to Rs 2. The record date for this stock split was March 17, 2023. Prior to the stock split, the company also issued a bonus in the ratio of 82:32, with a record date of June 02, 2022. Investors should keep an eye on this micro-cap stock.