1,000 per cent returns: This multibagger micro-cap company reports stellar quarterly results after bonus issue!

The stock has a PE of 16.90x whereas the sectoral PE is 39.40x with an ROE of 26.80 per cent.

Anmol India Ltd (BSE: 542437; NSE: ANMOL), one of the leading players in the supply chain management industry, commodity trading, and coal import, has approved the unaudited financial results of the company for the first quarter ended on June 30, 2023. Details below:

Standalone Financial Performance Comparison (Quarterly Results) – Q1FY24 vs Q4FY23

• Revenue from operations grew by 29.72 per cent from Rs 370.13 crore in Q4FY23 to Rs 480.16 crore in Q1FY24 primarily driven by an increase in sales and total tonnage sold.
• EBITDA increased by 64.76 per cent from Rs 9.65 crore in Q4FY23 to Rs 15.90 crore in Q1FY24.
• EBITDA margins increased from 2.59 per cent in Q4FY23 to 3.29 per cent in Q1FY24 by 70 basis points.
• PAT increased by 107.44 per cent from Rs 4.43 crore in Q4FY23 to Rs 9.19 crore in Q1FY24.
• PAT margins increased from 1.19 per cent in Q4FY23 to 1.90 per cent in Q1FY24 by 71 basis points.

Commenting on the Q1FY24 Performance, Management added,

“Anmol India Ltd is delighted to announce its outstanding performance in the first quarter of the fiscal year 2024, as evidenced by the remarkable financial updates. We are thrilled to report a robust growth trajectory, with significant improvements across key financial metrics.

We attribute this outstanding performance to the relentless efforts of our talented team, who consistently strive to achieve excellence in all aspects of our business. On A YoY basis, while our topline recorded a minor decrease, the bottom line recorded improvements. Our commitment to innovation, customer-centricity, and operational efficiency has been the driving force behind these impressive results.

Although the price of coal and other commodities decreased yet our sales and total tonnage sold have increased.  The reason for this is the immense handwork that we have put in and our focus for the last 6 months to capture more market and increase our sales network.

In the previous quarter, we also approved and successfully executed a bonus issue in a 4:1 ratio. The company started trading ex-bonus on July 18, 2023. As we move forward, we remain focused on our strategic vision and are confident in our ability to sustain this momentum.

We extend our heartfelt appreciation to our shareholders, customers, and employees for their unwavering support on this incredible journey. We look forward to building on this success and continuing to deliver exceptional value to all our stakeholders.”

Today, shares of Anmol India Ltd plunged 2 per cent to Rs 56.90 per share from its previous closing of Rs 58.05. The stock has a PE of 16.90x whereas the sectoral PE is 39.40x with an ROE of 26.80 per cent. The stock also gave multibagger returns of 103 per cent in just 6 months and over 1,000 per cent in 3 years.

Investors should keep an eye on this Small-Cap energy stock.