Multibagger stock under Rs 50: The micro-cap company reported a 230 per cent jump in net profit!

The stock is up by 40 per cent in 1 year and gave multibagger returns of 138 per cent in 3 years.

R S Software (India) Limited is predominantly engaged in software development, maintenance, testing, and software project management under client-server and web-based technologies. The company provides Real-Time Payments -RS Digital edge (API-based digital layer which can integrate seamlessly with underlying instant payment or faster payment), RS Intelliedge - Banks (Integrated fraud and risk management), etc.

The company announced its Quarterly Results (Q1FY24) ended June 30, 2023. Details below:

Result comparison - Q1FY24 vs Q1FY23: The net sales increased by 131 per cent from Rs 4.80 crore in Q1FY23 to Rs 11.08 crore in Q1FY24. The operating profit increased by 174 per cent from a loss of Rs 2.40 crore in Q1FY23 to a profit of Rs 3.25 crore in Q1FY24. The net profit skyrocketed by 230 per cent from a loss of Rs 3.04 crore in Q1FY23 to a profit of Rs 2.31 crore in Q1FY24. The EPS for Q1FY24 stood at Rs 0.58 compared to a negative EPS of Rs 1.52 in Q1FY23.

After rising nearly 70 per cent over the period of 6 months, shares of R S Software (India) Limited Ltd are undergoing a correction and have hit the lower circuit for the fourth straight day. Today, the shares of R S Software (India) Limited plunged 2 per cent lower circuit to Rs 38.90 per share from its previous closing of Rs 39.69. The 52-week high of the stock is Rs 42.16 and the 52-week low of Rs 21.16.

R S Software (India) Limited has a market cap of Rs 100 crore with a 3-year stock price CAGR of 34 per cent. The company is almost debt free and the current debt of the company is just Rs 2.21 crore which is just 2.21 per cent of its market cap. The stock is up by 40 per cent in 1 year and gave multibagger returns of 138 per cent in 3 years.

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