1:1 Bonus Shares & 5:1 Stock Split - Multibagger Penny Stock Under Rs 20: Company Secures Order Worth Rs 25 Million!
The company’s shares have delivered an impressive multibagger return of around 750 per cent in the past 2 years.
This Small-Cap company, a key player in the brass components industry, has announced that its subsidiary, Narmadesh Brass Industries Limited, has secured a substantial export order for brass billets. The purchase order, valued at approximately USD 25 million, comes from a prominent Dubai-based company, with the goods destined for China, one of the fastest-growing markets globally.
This strategic deal marks a significant milestone for both Narmadesh Brass Industries and Sprayking Limited, strengthening their global presence and reinforcing their commitment to meeting the rising international demand for brass components.
On Friday, the shares of Sprayking Ltd closed at around Rs 15.18 per share on the BSE. The company’s current market capitalization stands at Rs 160.42 crore. Additionally, the shares have delivered an impressive multibagger return of around 780 per cent in the past 2 years only. Furthermore, the company has announced 1:1 bonus shares this year.
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As per the Quarterly Results, in the Q1 FY25, Sprayking Ltd recorded a revenue of Rs 35.81 crore compared to Rs 16.34 crore. The operating profit stood at Rs 4.39 crore with a margin of 12.26 per cent. The net profit stood at Rs 2.35 crore compared to a profit of Rs 1.04 crore. Looking at the annual performance, the company generated a revenue of Rs 102 crore in FY24. The company’s net profit stood at Rs 9 crore compared to a profit of Rs 2 crore in FY23.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.