Stock below Rs 200: This small-cap company bags multiple contracts of worth Rs 200 crore!
Based on the quarterly results, the corporation increased its net sales by 145.91 per cent in Q2FY23 over Q2FY22.
One of the largest wood and agro-based paper manufacturers in India, Satia Industries Ltd bags multiple contracts of 17,000 tons of paper worth Rs 200 crore. The order includes three major contracts for the supply of paper for printing textbooks from Bal Bharti, Pune, Maharashtra; Punjab School Education Board, Mohali, Punjab and Uttar Pradesh.
Satia Industries Limited (SIL), incorporated in 1980, is one of the biggest and completely integrated woods and agro-based paper manufacturers. Its products are extensively used in the printing of books, directories, envelopes, diaries, calendars, computer stationery, copy manufacture annual reports, etc.
The company had an excellent year, according to the financials. Based on the Quarterly Results, the corporation increased its net sales by 145.91 per cent in Q2FY23 over Q2FY22. When the net profit was only 20.27 crore in Q2FY22, it skyrocketed by 150.74 per cent to Rs 50.81 crore in Q2FY23. The stock has a PE multiple of 9.38 and an ROE of 22.29 with a market cap of Rs 1309.50 crore.
Today, shares of SIL were trading at the day’s high of Rs 138.25 apiece, up by 5.57 per cent from its previous closing of Rs 130.95 apiece. The 52-week high for the stock is 164.35 whereas the 52-week low is Rs 86.65, respectively. Investors should keep an eye on this Small-Cap stock.