Net profit zooms over 1,100 per cent in Q4 FY24: High ROE & ROCE multibagger stock delivered 127 per cent in just 6 months

The company's shares have delivered a multibagger return of over 1000 per cent to their shareholders.

Wealth First Portfolio Managers Ltd, which is involved in providing share and stockbroking services, portfolio management, mutual funds distribution, depository participant services, and other related activities, has announced its Quarterly Results for Q4 FY24.

Q4 Financial Performance of Wealth First Portfolio Managers Limited

As per the quarterly results in Q4 FY2024, the company witnessed remarkable growth across key financial metrics compared to the same quarter previous year. Sales surged by an impressive 190 per cent, reaching Rs 14.2 crore from Rs 4.88 crore. Operating profit experienced an even more substantial increase, skyrocketing by 385 per cent to reach Rs 11.7 crore from Rs 2.42 crore. Net profit saw an extraordinary surge of 1170 per cent, soaring to Rs 13.6 crore from Rs 1.07 crore. Consequently, the earnings per share (EPS) also witnessed a significant uptick, rising by 1175 per cent to Rs 12.75 from Rs 1.00. These staggering growth figures underscore the company's exceptional performance and potential for investors.

The company's ROCE and ROE stand at 56.8 per cent and 43.8 per cent, respectively, while the shares of the company are trading at a PE ratio of 23.1 times in the market.

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Share Performance of Wealth First Portfolio Managers Limited:

Today the company’s stocks closed the day at Rs 925 per share representing a gain of 5.53 per cent today. The current market capitalisation of this company stands at Rs 985.59 crore.

Shares of this Small-Cap company have delivered impressive returns of around 127 per cent in just six months only and a multibagger return of around 1,008 per cent in the past five years. Compared to its final IPO issue price of Rs 50 per share (in the year 2016), the stock has grown around 18.5 times based on the current market price.

Company Details:

Wealth First Portfolio Managers Limited is an India-based financial services provider. The Company is engaged in the business of providing share and stock broking services, portfolio management, mutual funds distribution, depository participant services and to invest, buy, sell, or otherwise deal in all kinds of securities and other related activities. It is engaged in broking services, distributor of mutual funds, govt. securities trading, pension products, fixed deposit, portfolio management service (PMS), direct bonds, taxable and tax-free bonds. The Company is also engaged in providing demat services as a depository participant of Central Depository Services (India) Ltd (CDSL). Its portfolio of services covers investment strategy, asset allocation, tax planning, broking services, treasury management, risk management, and retirement planning. Its subsidiary is Wealth First Investment Advisers Private Limited.

Investors must keep this stock on their radar.

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