Upper circuit: This micro-cap company reports 5967 per cent increase in Q4 net profit; do you own it?

In the last one year, the stock has given multibagger returns of more than 195 per cent.

After reporting results yesterday, SKM Egg Products Export India Ltd locked in the upper circuit today. Yesterday the scrip closed at Rs 175.10, up by 4.98 per cent. Today it opened at Rs 183.85 and got locked in the circuit, up by 5 percent. 

The company has given multibagger returns of more than 195 per cent over the past year. The BSE group 'B' stock has a market cap of around Rs 480 crore. 

Moving on to the results in comparison to the same quarter last year, the company's net profit for the fourth quarter that ended on March 31, 2023, increased by 5967.35 per cent to Rs 29.73 crore from Rs 0.49 crore on a consolidated basis. In Q4FY23, the company's total revenue increased to Rs 189.98 crore from Rs 79.05 crore in the same quarter the previous year. 

The company reported a 927.33 percent increase in net profit for the year ended March 31, 2023, reaching Rs 75.92 crore from Rs 7.39 crore on a consolidated basis. When compared to the year ended March 31, 2022, the company's total revenue increased to Rs 659.21 crore compared to Rs 310.31 crore for the year ended March 31, 2022. 

The board has declared an interim dividend of Rs 2 per equity share with a face value of Rs 10 each, and the record date for determining the eligibility of shareholders for the payment of interim dividend is June 5, 2023. 

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