Thirty-30: This small-cap stock has delivered 30 per cent returns in the last 30 days

Strong Q4 and FY22 results fuel the stock price rally.

Orient Bell Ltd, unlike its name, is engaged in the business of ceramics and floor tiles and has delivered phenomenal returns for its shareholders in the past thirty days. From May 17 to June 16 2022, the scrip has jumped from Rs 458.45 to Rs 598.65, making a simple return of 30.6 per cent. The huge upside was mainly driven by the robust Q4 and FY22 results.   

Despite the volatility in the markets, the company has performed really well. Be it the financial growth or expansion of margins, it has been a winner. For March 2022 quarter, the revenues jumped by 18.5 per cent to Rs 213.8 crore, while the net profit saw an exceptional leap of 102 per cent to Rs 16.2 crore. Notably, the EBITDA grew by 37 per cent along with the margin expansion of 170 basis points to 12 per cent.     

For the year ended FY22, the topline showcased a growth of 29.5 per cent to Rs 650.7 crore. The bottom line wasn’t shy either as it exploded by over 342 per cent. The strong financial outlook boosted the spirits of investors as the stock price rallied in the past month.   

Orient Bell Ltd is primarily engaged in the manufacture, and selling of ceramics and floor tiles. It has been in the business for over four decades. The scrip has a 52-week high and low of Rs 687.55 and Rs 284.30, respectively.