This Micro-cap multibagger with high dividend yield; reports solid results!

About Gujarat Intrux, Its Dividend History and financial result.

Gujarat Intrux Limited, an India-based company, specializes in the manufacturing and supply of stainless steel, non-alloy steel, and alloy steel castings, with a primary focus on applications such as valves, pumps, and earth-moving equipment. With a market capitalization of Rs 94.7 crore, the company has significantly reduced its debt, almost achieving a debt-free status. Notably, the stock has consistently distributed dividend over the past five years, offering a substantial dividend yield of 3.66 per cent. Maintaining a robust dividend payout ratio of 40.1 per cent, the company disbursed a dividend of Rs 10 for FY2023.

In a remarkable display of resilience, the company's stock has outperformed recent market turbulence, posting a 17 per cent gain as of October 30, 2023, solidifying its status as a multibagger with astounding returns of 119.68 per cent over the past year. Gujarat Intrux's vision is anchored in maintaining its position as India's premier manufacturer of quality steel and alloy steel sand castings, achieved through innovative technologies and cutting-edge methods.

The recently concluded quarter, ending September 2023, saw Gujarat Intrux deliver stellar financial results.

• Sales surged by an impressive 18.64 per cent, reaching Rs 153.53 crore, a testament to robust product demand. Other income witnessed a remarkable uptick, soaring by 70.89 per cent and totalling Rs 3.64 crore.
• The company's Profit Before Interest, Depreciation, and Taxes (PBIDT) stood at Rs 36.26 crore, showcasing extraordinary growth of 62.60 per cent. Furthermore, adept management of interest expenses resulted in minimal change.
• Profit Before Depreciation and Taxes (PBDT) posted substantial growth of 63.10 per cent, reaching Rs 36.16 crore. The company's Profit Before Tax (PBT) marked an impressive growth rate of 78.15 per cent, reaching Rs 32.62 crore.
• Despite a higher tax outgo, the Profit After Tax (PAT) displayed a notable surge of 68.78 per cent, totalling Rs 23.46 crore. This stellar performance underscores the company's well-executed business strategy and efficient financial management in the current economic landscape.

Disclaimer: The article is for informational purposes only and not investment advice.