Vijay Kedia gains Rs 12,06,05,760 from this multibagger engineering stock in just 1 day as the company reports a 197 per cent jump in net profit

The stock gave multibagger returns of 100 per cent from its 52-week low of Rs 328.01 per share and a whopping 525 per cent in 3 years.

On Friday, one of the Top Gainers on BSE, shares of this multibagger engineering company gained 19.05 per cent to an intraday high of Rs 675 per share from its previous closing of Rs 567 per share. The stock’s 52-week high is Rs 851.04 and its 52-week low is Rs 328.01. The shares of the company saw a spurt in volume by more than 4 times on BSE and the company has a market cap of over Rs 700 crore.

The buzzing stock name is Affordable Robotic & Automation Ltd.

Affordable Robotic & Automation Limited (ARAPL), a Pune-based company (BSE: 541402), provides automation solutions across various industries including automotive, general, and government sectors. They design, manufacture, and install robotic welding systems, automated parking solutions, and automated warehousing systems. Their offerings include robotic applications for various tasks, project management for welding automation, and different automated car parking systems with annual maintenance options.

Consolidated Results

The company's financial performance in FY 2024 was exceptional, with significant growth across all key metrics. Revenue surged by 43 per cent, reaching Rs 16,340.41 lakh compared to Rs 11,400.39 lakh in FY23. This strong revenue growth translated into a remarkable increase in profitability. EBITDA witnessed a substantial 95 per cent growth, reaching Rs 1,533.51 lakh from Rs 785.04 lakh in the previous year. PBT followed suit, demonstrating an impressive 133 per cent growth, reaching Rs 865.29 lakh compared to Rs 371.06 lakh in FY23. Finally, PAT capped off the impressive performance with a staggering 197 per cent growth, reaching Rs 642.74 lakh from Rs 216.13 lakh in FY23. As of May 30, 2024, the company have an open order book of around Rs 82 crore.

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Standalone Results

The company's FY 2024 standalone financial performance witnessed significant growth across all key metrics. Revenue increased by 32 per cent to Rs 15,018.11 lakh, up from Rs 11,337.24 lakh in FY23. EBITDA grew by 27 per cent to Rs 1,284.49 lakh from Rs 1,007.45 lakh in the previous year. PBT continued the positive trend with a 38 per cent growth, reaching Rs 829.72 lakh compared to Rs 602.71 lakh in FY23. Finally, PAT capped off the impressive performance with a 36 per cent growth, reaching Rs 607.17 lakh from Rs 447.78 lakh in FY23.

An ace investor, Vijay Kedia owns 11,16,720 shares or 9.93 per cent stake in the company as of information available on BSE. Therefore, from Rs 567 to Rs 675 per share, he gained Rs 108 per share and in total, he gained Rs 12,06,05,760 in just 1 day from this multibagger engineering stock (11,16,720 shares x Rs 108 per share).  

The stock gave multibagger returns of 100 per cent from its 52-week low of Rs 328.01 per share and a whopping 525 per cent in 3 years. Investors should keep an eye on this engineering stock.

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