Stock under Rs 20: Small-cap company reported a 52 per cent jump in revenue, do you own it?
The stock gave 19.80 per cent returns in just 1 month.
Vishwaraj Sugar Industries Limited (VSL) (BSE: 542852, NSE: VISHWARAJ), an integrated sugar products manufacturing company, has announced earnings for the quarter and year ended March 31, 2023. Details below:
Performance Highlights Q4FY23
· Revenue from operations grew 52 per cent YoY to Rs 199 crore vs Rs 130 crore (Q4FY22) vs Rs 101 crore (Q3FY23).
· Profit before tax came in at Rs 2.94 crore.
· EBITDA reported at Rs 13.10 crore.
· PAT came in at negative Rs 46.05 crore (Loss YoY) adjusting for deferred tax.
Performance Highlights FY23
· Revenue from operations grew 32 per cent YoY to Rs 616 crore vs 469 crore (FY22)
· Profit before tax came in at Rs 25.54 crore.
· EBITDA reported at Rs 69.06 crore.
· PAT came in at a negative Rs 23.44 crore (Loss YoY) adjusting for deferred tax.
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Speaking about the company’s performance Mr Mukesh Kumar, Executive Director, Vishwaraj Sugar Industries, added: VSL has achieved strong revenue growth thanks to their product portfolio, distribution strategies, and dedicated employees. However, they have reported a book loss primarily due to deferred tax adjustments, which are non-cash and do not affect cash flow generation. VSL remains optimistic about the future, leveraging its brand, customer relationships, and commitment to deliver value. They operate in the sugar, cogeneration, distillery, and natural alcohol vinegar segments, and have a strong marketing and sales team.
On Friday, shares of VSL surged by 1.09 per cent to Rs 17.57 per share with an intraday high of Rs 18.45 and an intraday low of Rs 15.76. The shares of the company saw a spurt in volume by more than 1.64 times on BSE.
The stock gave 19.80 per cent returns in just 1 month. Investors should keep an eye on this small-cap stock.