Stock in News: This small-cap company bagged an order from Excise Department!

In FY22, net sales rose by 43.74 per cent and net profit rose by 37.11 per cent compared to FY21.

Gulshan Polyols Ltd informed that it has received an order against tender floated by the Excise Department, Government of Madhya Pradesh for supplying Country Liquor for a quantity of 72 lakhs proof litre in three districts of Madhya Pradesh i.e Chhindwara, Balaghat and Singrauli, for the financial year 2023-2024.  

On Friday, shares of Gulshan Polyols plummeted 0.86 per cent to Rs 254 per share with an intraday day high of Rs 261.35 and an intraday low of Rs 251. The shares of the company saw a spurt in volume by more than 2.07 times on BSE.    

Gulshan Polyols Ltd is one of the largest manufacturers of Precipitated Calcium Carbonate and Sorbitol in India. It is a market leader with a substantial market share in the respective segments.   

Talking about the financials, Gulshan Polyols has a market cap of Rs 1,320.18 crore with 3 years CAGR of 121 per cent. The company has excellent Quarterly Results and annual results. In FY22, net sales rose by 43.74 per cent and net profit rose by 37.11 per cent compared to FY21.   

The stock gave multibagger returns of 130 per cent in just 2 years. Investors should keep an eye on this Small-Cap stock.