Multibagger stock under Rs 50: Small-cap company reports a 106 per cent jump in net profit, declares stellar dividend!

The stock gave multibagger returns of 750 per cent in just 3 years while the BSE Small-cap Index rose 29 per cent.

Salasar Techno Engineering Ltd, a leading industrial manufacturing company in India announced its Quarterly Results and annual results for the year ended March 31, 2023. Details below:

Financial Highlights for the Q4FY23: 

• Total Revenue of Rs 294.70 crore, up 38.82 per cent over Q4FY22. 
• EBITDA of Rs 19.85 crore, up 128.80 per cent over Q4FY22.  
• Profit After Tax of Rs 14.73 crore, up 106.60 per cent over Q4FY22.  
• The EPS for Q4FY23 is Rs 0.48.  

Financial Highlights for FY23:  

• Total Revenue of Rs 1004.89 crore, up 39.79 per cent over FY22.  
• EBITDA of Rs 54.70 crore, up 29.47 per cent over FY22.
• Profit After Tax of Rs 40.25 crore, up 27.94 per cent over FY22.
• The EPS for FY23 is Rs 1.33.

Additionally, The Board of Directors of the company have declared a final dividend of Rs 0.10 per share for a face value of Rs 1 for the financial year 2022-2023

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On Thursday, shares of Salasar Techno Engineering Ltd zoomed 8.55 per cent to Rs 46.60 per share from its previous closing of Rs 42.93. At 03:30 pm, shares of the company ended the day in green, up 5.36 per cent to Rs 45.23 per share. The shares of the company saw a spurt in volume by more than 4.56 times on BSE.

Established in 2006 as a tower manufacturer, Salasar Techno Engineering Ltd has emerged as a fast-growing steel structure manufacturer & EPC infrastructure company, providing services across the telecom, energy and railways sector. In the financial year 2022-2023, the company conducted a stock split, reducing the share value from Rs 10 to Rs 1, with a record date set on June 27, 2022.

The stock gave multibagger returns of 750 per cent in just 3 years while the BSE Small-cap Index rose 29 per cent. Investors should keep an eye on this small-cap stock.