This Small-Cap Multibagger Company Bags Order Worth Rs 13,72,00,000 from Purvanchal Vidyut Vitran Nigam; Stock Gains Over 400 per cent!

The company’s shares have delivered an impressive return of over 170 per cent in just 1 year.

Incorporated in 2014, V-Marc India manufactures PVC-insulated wires and cables. The company offers various types of wires and cables in single and multi-core configurations with copper or aluminum conductors. These products possess properties like FR, HRFR, FRLS, HFFR, etc.

Recently, the Company received a Letter of Intent amounting to Rs 13.72 crore (Rupees Thirteen Crores Seventy-Two Lacs Only) from Purvanchal Vidyut Vitran Nigam Limited for 33 KV HT XLPE Cable 3Cx300 SQ. MM amounting to Rs 12.54 crores (Rupees Twelve Crore Ninety-Six Lacs Only) and for 11 KV HT XLPE Cable 3Cx70 SQ. MM Rs 1.18 crore (Rupees One Crore Eighteen Lacs Only). 

Share Performance:

On Friday V-Marc India shares closed the day at Rs 176.90 per share. The company’s current market capitalization stands at Rs 403.08 crore. The stock has delivered a multibagger return of over 170 per cent in the past 1 year.

Financial performance:

According to the Quarterly Results, in Q4 FY24, V-Marc India reported a revenue of Rs 390 crore and an operating profit of Rs 48 crore. The operating profit margin for the quarter stands at 12 per cent. The company’s net profit stood at Rs 21 crore. In FY24, the company reported a revenue of Rs 565 crore compared to Rs 245 crore and a net profit of Rs 27 crore, compared to a profit of Rs 10 crore in the previous year.

Investors must keep this Small-Cap stock on their radar.

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