Surged over 600 per cent in one year, this BSE-listed multibagger stock to trade on NSE soon!

On July 6, 2022, the company informed BSE that its board of directors was considering applying for a direct listing on NSE platform's main board.

With a market capitalisation of Rs 301 crore, this Small-Cap company is one of the prestigious brands in the packaging industry. The name of that company is GKP Printing & Packaging Ltd (GKPL), which serves industries such as garment exports, steel utensils, playing cards, liquor, toys, pharmaceuticals, printers, engineering, confectionery, and FMCG.  

On July 6, 2022, the company informed BSE that its board of directors was considering applying for a direct listing on NSE platform's main board.  

On BSE, the stock closed today at Rs 207.40 level. The stock is up by 5.41 per cent in the past 5 trading sessions. The shares of GKPL have gained 684.12 per cent in the past year, from a price of Rs 26.45 on July 9, 2021. So far in 2022, the stock has gained 43.53 per cent year-to-date (YTD). It climbed 41.43 per cent over the past six months and 29.67 per cent over the past month.   

The company is almost debt-free, which may bode well for the stock. The company's promoter holding of 52.95 per cent and public shareholding of 47.05 per cent have remained stable since September 2019. The stock is currently trading at a high EV/EBITDA ratio of 127.49 with a book value per share of Rs 14.84, implying that its shares are currently trading at a P/B ratio of 13.86 times its book value, indicating that the stock may be expensive.  

Furthermore, it recently purchased 43,234 square feet of land in Vapi (Gujarat) for the relocation of its current manufacturing facilities as well as the expansion of its operations. Among the companies with which the firm is affiliated are Tata Consultancy Services, Spectra International, Naaptol, SM Foods, Rediff.com, and Almats Branding Solutions.