1:1 Bonus Shares & 5:1 Stock Split - Multibagger Penny Stock Under Rs 20: Company Secures Order Worth Rs 50 Million!
The company’s shares have delivered an impressive multibagger return of around 800 per cent in the past 2 years.
This micro-cap company a renowned name in the brass components industry, announces that its subsidiary, Narmadesh Brass Industries Ltd, has secured a significant order for the export of brass billets. The purchase order, valued at approximately Rs 50 million, was received from a prominent company based in Dubai, with the goods set for export to China, one of the world’s largest and fastest-growing markets.
Based in Jamnagar, Sprayking Ltd is a leading manufacturer, known for its commitment to innovation and quality. The newly acquired high-tech equipment represents a major step forward in integrating modern technology into their production. The machinery has been fully paid for in advance, highlighting the company’s dedication to maintaining a competitive edge.
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On Friday, the shares of Sprayking Ltd closed at around Rs 13.92 per share on the BSE. The company’s current market capitalization stands at Rs 147.11 crore. Additionally, the shares have delivered an impressive multibagger return of around 800 per cent in the past 2 years only. Furthermore, the company has announced 1:1 bonus shares this year.
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.