2,400 per cent returns in this high ROE & ROCE multibagger penny stock: This small-cap company launches a compact delivery drone – know more here!

The stock gave multibagger returns of 1,160 per cent in 3 years and a whopping 2,400 per cent in 5 years.

RattanIndia Enterprises Ltd. (REL), a Fortune-500 India company is leading its way with cutting-edge technologies in the segments of electric motorcycles, drone solutions, e-commerce, fintech and fashion brands, announced today the launch of a new compact delivery drone, L07 for eCommerce and healthcare industries, through its company TAS (Throttle Aerospace Systems).

L07 is a small drone designed and made in India. It can take off and land vertically and carry up to 7 kilograms. It can be set up by one person in less than 5 minutes and fly up to 2,000 meters above sea level. It can also handle winds up to 43 kilometres per hour and fly for up to 30 minutes. The L07 has many safety features, uses AI, and is weather-resistant. It is available for commercial use, following the rules set by the Directorate General of Civil Aviation.

As per the market estimates, the Indian eCommerce industry is likely to move from USD 75 billion to USD 276 billion by 2030 at a CAGR of 24 per cent YoY. There is a need for speed and every company wants to deliver products to their customers at a quick pace. Also, there are emergencies where everything becomes time-sensitive. These trends are acting as the tailwinds for the cargo delivery market across First-mile, Mid-mile and last-mile delivery.

Commenting on the occasion, Mrs Anjali Rattan, Business Chairperson of RattanIndia Enterprises Limited said, “The L07 Compact represents a significant leap forward in the world of eCommerce logistics, especially for the last-mile deliveries. The L07 compact can massify the usage of cargo drones across the spectrum – from eCommerce to small and medium businesses.

Our aim is to empower businesses with a reliable and efficient delivery solution which can be easy to deploy and use across the country. L07 builds on the strong portfolio of other existing products within the L-series”.

Rattan India Enterprises Limited is active in a wide range of business activities inter alia from software, legal, financial, human resources, and consultancy, to supply of manpower (skilled, semi-skilled and unskilled), software designing and development, design development, and implementation of payment systems & gateways, etc.

Today, shares of RattanIndia Enterprises Ltd surged 2.92 per cent to Rs 80.78 per share from its previous closing of Rs 78.49. The stock’s 52-week high is Rs 83.70 and its 52-week low is Rs 32.05. The stock has an ROE of 141.47 per cent and a ROCE of 123.23 per cent.

According to the Quarterly Results, the net sales increased by 83.85 per cent to Rs 1,267.80 crore, operating profit increased by 199 per cent to Rs 206.22 crore and net profit increased by 184 per cent to Rs 178.13 crore in Q1FY24 compared to Q1FY23.

The company has a market cap of over Rs 11,000 crore with a 3-year CAGR of 90 per cent. The stock gave multibagger returns of 1,160 per cent in 3 years and a whopping 2,400 per cent in 5 years. Investors should keep an eye on this Small-Cap company.

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