This Micro-cap Company Secures Order Worth Rs 5,23,43,060 from Indian Automotive Company; Stock Gains Over 120 per cent in Just 3 Months!

The shares of the company have delivered a return of over 120 per cent to its shareholders in just 3 months only.

Master Components Limited, engaged in manufacturing plastic engineering components and sub-assemblies, received a purchase order from an Indian Automotive company. The order entails the supply of plastic molded parts amounting to approximately Rs 5,23,43,060 per annum, excluding taxes. Deliveries are to be made as per the schedule provided by the customer, with supply to occur at the plant located in Nashik. 

Share Performance:

Today the company’s stock closed the day at Rs 295 per share. The current market capitalization of Master Components Limited stands at Rs 111.20 crore. The stock has delivered a multibagger return of over 120 per cent in just 3 months only.

Financial performance:

According to the Quarterly Results, in Q4 FY24, Master Components Limited reported a revenue of Rs 13.80 crore and an operating profit of Rs 2.37 crore. The operating profit margin for the quarter stands at 17.17 per cent. The company’s net profit stood at Rs 1.67 crore. In FY24, Master Components Limited reported a revenue of Rs 25.29 crore compared to Rs 20.70 crore and a net profit of Rs 2.68 crore, compared to a profit of Rs 1.71 crore in the previous year.

Master Components Limited primarily engages in molding materials to manufacture new components for various sectors, including Electrical, Medical, Industrial, and Automotive. Its business spans across several verticals, including Thermoplastic Injection Molding, Thermoset Injection Molding, Thermoset Transfer Molding, and Compression Molding. Notable clients encompass Siemens, Schneider Electric, Atlas Copco, Lear Corporation, Vishay, and others, highlighting its wide-ranging industry presence and expertise.

Investors must keep this micro-cap stock on their radar.

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