Low PE high ROE multibagger stock: This micro-cap company and Ajay Devgn Ffilms LLP enter agreement with Reliance Industries Ltd

The company reported a 3,600 per cent jump in net profit in FY23 compared to FY22.

Panorama Studios International Limited informed that the company and Ajay Devgn Ffilms LLP has been entered into an agreement with Reliance Industries Ltd through its media and entertainment division Jio Studios for producing a movie, which will be jointly produced by Panorama Studios International Limited, Ajay Devgn Ffilms LLP and Reliance Industries Ltd. through its media and entertainment division Jio Studios. The Film will be hambone by Superstar Actors Mr Ajay Devgan and R Madhvan, the title of film is yet to be decided. The film is set to be released end of the fiscal year, the Company will further update the name of the film and final date of release to the Stock Exchange and Stakeholders accordingly.

On Thursday, shares of Panorama Studios International surged 10 per cent upper circuit to Rs 183.20 per share from its previous closing of Rs 166.55. At 03:30, shares of the company ended the day in green, up 6.96 per cent to Rs 178.15 per share. The shares of the company saw a spurt in volume by more than 1.10 times on BSE.

According to the financials, the company has a market cap of Rs 222 crore. The net sales skyrocketed by per cent and net profit skyrocketed by per cent in Q4FY23 over Q4FY22. The net sales increased by per cent in FY23 over FY22. The company reported a net profit of Rs 35 crore in FY23 compared to a net loss of Rs 1 crore in FY22, an increase of 3,600 per cent.

The stock gave multibagger returns of 290 per cent in just 2 years. The shares of the company have a PE of 6.28x and a ROE of 306.56 per cent. Investors should keep an eye on this stock.