Low PE penny stock under Rs 20: This micro-cap company reports a 2,250 per cent jump in net profit; scrip hit back-to-back upper circuits!

The stock gave multibagger returns of 145 per cent in 3 years and over 400 per cent in 1 decade.

K Z Leasing & Finance Ltd, a leading NBFC company in India announced its Quarterly Results and quarterly results ended June 30, 2023. Details below:

Financial Highlights for the Q1FY24: 

• Total Revenue stood at Rs 2.80 crore, up 678 per cent over Q1FY23. 
• EBITDA stood at Rs 2.47 crore, up 1,444 per cent over Q1FY23.  
• Profit After Tax of Rs 1.65 crore, up 2,253 per cent over Q1FY23.  
• The EPS for Q1FY24 is Rs 5.43.  

K Z Leasing & Finance is engaged in the business of providing financial services. The company has a market cap of Rs 5.86 crore with a 3-year CAGR of 36 per cent.

On Friday, shares of K Z Leasing & Finance zoomed 5 per cent upper circuit to Rs 19.25 per share from its previous closing of Rs 11.24. The shares of the company saw a spurt in volume by more than 3.44 times on BSE. In the recent trading session, the company’s stock is hitting back-to-back upper circuits. At present, the stock is trading at 0.35 times its book value of Rs 55.70 each.

The shares of the company have a PE of 3.04x whereas the industry PE is 22.6x. The stock gave multibagger returns of 145 per cent in 3 years and over 400 per cent in 1 decade. Investors should keep an eye on this micro-cap stock.

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