Turnaround Story & 1,500 Per cent Multibagger Returns: Microcap Company Bags Orders from Dabur & Mother Dairy worth Rs 11 Crore – Profits Surged by 24,673 Per cent in FY24!

The company’s shares have delivered an impressive multibagger return of over 1,400 per cent in just 2 years.

This micro-cap company that engaged is engaged in a product portfolio that includes Desi Ghee, poha, mangodi, papad, and kesar under the brand name Namans; Cow Ghee under the brand name Godhenu; porridge, nachos, and pasta under the brand name Yumm Yoo; and refined groundnut oil under the brand name Polki

Jhandewalas Foods Ltd has secured a second substantial order from Mother Dairy worth Rs10 crore, along with an order worth Rs 1 crore from Dabur. These orders are expected to have a significant impact on our financial performance. The cumulative effect of these orders is anticipated to contribute positively to our revenue and earnings for the current financial year.

On Monday, the shares of Jhandewalas Foods Ltd closed the day at around Rs 103.20 per share on the BSE. The company’s current market capitalization stands at Rs 105.89 crore. Additionally, the shares have delivered an impressive multibagger return of over 1,900 per cent in the past 3 years.

The company doesn’t declare Quarterly Results, and as per half-yearly results in March 2024 Jhandewalas Foods Ltd recorded a revenue of Rs 16 crore compared to Rs 8 crore. The operating loss stood at Rs 3 crore. The net profit stood at Rs 23 crore compared to a loss. Looking at the annual performance, the company generated a revenue of Rs 26 crore in FY24. The operating loss for FY24 was Rs 3 crore with a net profit of Rs 24 crore compared to a loss in FY23.

According to the shareholding pattern of the company, the promoters hold a significant 50.89 per cent stake while the public investors own 49.11 per cent of the shares.

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