Unveiling the micro-cap powerhouse: This multibagger stock reported stellar jump in its profits!

The company holds the exclusive responsibility for manufacturing popular and prestigious brands of IMFL (Indian Made Foreign Liquor) exclusively for United Spirits Ltd.

On Tuesday, shares of Shri Gang Industries and Allied Products zoomed and got locked at 5 per cent upper circuit of Rs 58.31. The scrip witnessed a massive spurt in volume.

Shri Gang Industries and Allied Products Ltd revealed their impressive Q4FY23 results on Monday, showcasing significant achievements. The sales witnessed a remarkable surge of 107.53 per cent on a YoY basis in Q4FY23 compared to Q4FY22, while PAT experienced a substantial increase of 491.37 per cent in the same period. Over the past five years, the company has maintained an impressive sale growth of 159 per cent (CAGR) and a profit growth of 39.5 per cent (CAGR).

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Shri Gang Industries and Allied Products Ltd is engaged in the production and sale of Edible Oils and Liquor. The company holds the exclusive responsibility for manufacturing popular and prestigious brands of IMFL (Indian Made Foreign Liquor) exclusively for United Spirits Ltd.

The company has given significant returns of 388 per cent over the past 1 year.

Investors should keep a close eye on this buzzing micro-cap stock.