1,870 per cent returns: This multibagger company receives new orders worth Rs 5,71,50,41,840 from BPCL, IOCL & HPCL!
The stock gave multibagger returns of 260 per cent in 3 years and a whopping 1,870 per cent in a decade.
Gulshan Polyols Ltd announced that the company has been awarded a contract for supplying 89,404 kilolitres of ethanol from its 500 KLPD ethanol plant at Boregaon with an order value of Rs 5,71,50,41,840. The order is received from Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) which will completed by October 31, 2024.
Today, shares of Gulshan Polyols Ltd surged 1.25 per cent to Rs 226.25 per share with an intraday high of Rs 229.15 and an intraday low of Rs 220.2. The stock has a 52-week high of Rs 274.95 and a 52-week low of Rs 159.10.
Gulshan Polyols Ltd is one of the largest manufacturers of Precipitated Calcium Carbonate and Sorbitol in India. It is a market leader with a substantial market share in the respective segments.
Talking about the financials, Gulshan Polyols Ltd has a market cap of over Rs 1,400 crore and has delivered good profit growth of 19.7 per cent CAGR over the last 5 years. The company reported positive numbers in its Quarterly Results and annual results.
The company has signed a long-term contract for coal procurement with Western Coalfields Limited to ensure stable coal prices for its plant in Madhya Pradesh. Additionally, the Company has completed over 70 per cent of the capital expenditure required for its 250 KLPD plant in Assam, with commissioning expected by the end of H2FY24. Furthermore, the company has successfully started commercial operations of its 500 KLPD grain-based ethanol plant in Madhya Pradesh, albeit at 25 per cent capacity initially.
As of September 2023, promoters of the company own 66.72 per cent stake, DIIs own 1.23 per cent and public & others own 32.05 per cent stake. The stock gave multibagger returns of 260 per cent in 3 years and a whopping 1,870 per cent in a decade. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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