This micro-cap company receives a new order; know more here!
The company has been able to grow its sales by 17 per cent (CAGR) over the past 3 years and profit grew by 35 per cent (CAGR) for the same period.
Innokaiz India Ltd, a corporate services and solutions provider company that has established itself as a comprehensive one-stop solution for various corporate needs. Their offerings include a wide range of services such as Advertising and Marketing Solutions, including Digital Marketing, Corporate Travel Arrangements, Gifting Solutions, Event Management and recently, they have ventured into the E-Commerce Business Their primary focus is on providing the highest level of service, ensuring exceptional quality and cost-effectiveness for their clients.
On July 14, 2023, Innokaiz India Ltd announced that the company received a new purchase order worth Rs 1.77 crore from NivaBupa Health Insurance Company Ltd within a period of a month. Furthermore, the company reported FY23 results in which sales of the company decreased by 22 per cent to Rs 223 crore while operating profit grew by 9 per cent to Rs 12 crore. Similarly, net profit of the company surged by 12.5 per cent to Rs 9 crore. Additionally, the company has been able to grow its sales by 17 per cent (CAGR) over the past 3 years and profit grew by 35 per cent (CAGR) for the same period.
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The company has delivered negative returns of 5.97 per cent from the date of its listing in March 2023. Additionally, the company has a ROCE of 62.1 per cent and a ROE of 48.9 per cent.
On Friday, shares of this company surged by more than 2.96 per cent and made an intraday high of Rs 139.
Investors should keep a close eye on this trending stock.