Multibagger stock below Rs 5: This micro-cap company receives its first ever order worth Rs 30 million!

The stock gave multibagger returns of 325 per cent in just 3 years with a PE of 13.64x and an ROE of 21.76 per cent.

Vikas Lifecare Limited announce that its wholly-owned subsidiary company Genesis Gas Solutions Pvt. Ltd (Genesis) has received the First Ever Order for Ultrasonic Meters Gas Meters valued at Rs 30 million. Ultrasonic meters are considered the highest in efficacy in terms of accuracy and reliability, as these meters derive the volume flow of the gas by measuring the transit times of high-frequency sound waves.  

The Ultrasonic meters are eminently required at Large Diameter Gas Pipe Lines where it is a commercial loss to use the mechanical drive meters. GENESIS had signed an agreement with SICK AG, Germany to supply Ultrasonic Gas Meters (FlowSic 500) for industrial and commercial gas customers.  

Today, shares of Vikas Lifecare surged 2.41 per cent to Rs 3.39 per share from its previous closing of Rs 3.31 per share.  

Vikas Lifecare Ltd trades and manufactures polymer, rubber compounds and additives for plastics, synthetic & natural rubber, infra, agro products, FMCG products, etc.

Talking about the financials, Vikas Lifecare has a market cap of over Rs 450 crore with 3 years CAGR of 61 per cent.  The company reported excellent numbers in its Quarterly Results and annual results. The net sales rose by 25.49 per cent and net profit skyrocketed 114.68 per cent in Q3FY23 over Q3FY22. In FY22, net sales zoomed 293.32 per cent and net profit zoomed 898 per cent over FY21.  

The stock gave multibagger returns of 325 per cent in just 3 years with a PE of 13.64x and an ROE of 21.76 per cent. Investors should keep an eye on this micro-cap stock.