Multibagger update: Do you own this edible oil company that soared 1,390 per cent in just one year?

It has gained about 417 per cent in the last six months while its shareholders enjoyed returns of 128 per cent in just one month!

The shares of Ambar Protein Industries rallied on Wednesday, reaching an all-time high of Rs 139.40 per share on BSE after being locked in the 5 per cent upper circuit. By hitting back-to-back upper circuits for months, the stock has soared 1,390 per cent in just one year! It has gained about 417 per cent in the last six months while its shareholders enjoyed returns of 128 per cent in just one month!  

In terms of financial performance, the company recorded net sales and other operating income of Rs 90.53 crore, a 4.89 per cent decrease from Rs 95.19 crore in Q4FY21. The net profit for Q4FY22 was Rs 3.56 crore, jumping 189.44 per cent from the net profit of Rs 1.23 crore in the same quarter of the previous year. The market worth of the company is Rs 80 crore. Promoters owned 74.97 per cent of the company as of March 31, 2022, while non-institutional investors held a combined stake of 25.03 per cent.  

Ambar Protein Industries was founded in 1992 in Ahmedabad to offer premium edible oil to consumers of Gujarat under the brand name ‘Ankur’. The company offers Ankur Refined Cottonseed Oil, Ankur Refined Sunflower Oil, Ankur Refined Soyabean Oil, and Ankur Refined Corn Oil among its product offerings.  

For the upcoming sessions, pay great attention to this scrip!