2:5 Bonus Shares: Multibagger Penny Stock Under Rs 20 in Focus as Company Reports Revenue of Rs 138.97 Crore & PAT of Rs 9.38 Crore in 9MFY25
The stock gave multibagger returns of 2,000 per cent in 5 years and a whopping 4,070 per cent since its listing in 2018.
With a 57-year legacy, Hardwyn India Ltd stands as a symbol of innovation, quality, and reliability in architectural hardware. Its international presence reflects a meticulously crafted global supply chain and trusted distribution network. Hardwyn prides itself on unwavering customer support through its vast dealer and distributor network. Beyond products and services, Hardwyn is deeply invested in environmental sustainability and community welfare, adhering to stringent green manufacturing. This dedication underscores Hardwyn's vision, even as it contributes significantly to national development and solidifies its industry leadership.
According to Quarterly Results, the net sales increased by 16.3 per cent to Rs 49.39 crore and net profit decreased by 7.2 per cent to Rs 4 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 29 per cent to Rs 138.97 crore and net profit increased by 36 per cent to Rs 9.38 crore in 9MFY25 compared to 9MFY24
Earlier, the company was awarded the prestigious IS 6315:1992 certification by the Bureau of Indian Standards (BIS). This certification, India's highest quality standard, recognizes Hardwyn's commitment to excellence in the production of floor springs. The company prides itself on offering comprehensive solutions for both residential and commercial buildings, driven by a customer-centric approach and a dedication to world-class quality. This significant achievement places Hardwyn India Ltd. among an elite group of only three companies in all of India currently holding this certification for floor springs. The IS 6315:1992 certification underscores Hardwyn's dedication to maintaining the highest quality standards in its products. This recognition further strengthens Hardwyn's position in the rapidly growing Indian market and supports its strategic growth plans to expand its global presence.
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Furthermore, the company also signed an MOU with The Gyalsung Infra, a leading Bhutanese construction company, for the supply of a wide range of products for their renovation and construction projects over the next two years. This Rs 5 crore partnership marks Hardwyn India Ltd.'s entry into the Bhutanese market, allowing them to contribute to the country's infrastructure development while aligning with their vision of global leadership in the hardware industry.
According to the company's shareholding pattern available on the Bombay Stock Exchange (BSE), the President of India's investment portfolio recently witnessed a new addition. In December 2024, a 0.46 per cent stake (comprising 22,68,924 shares) in the company was acquired. The existing shareholding structure includes 43.77 per cent by promoters, 0.07 per cent by Foreign Institutional Investors (FIIs), 0.46 per cent by the Government and 55.70 per cent by the public.
On December 27, 2024, the shares of the company ex-traded bonus shares in the ratio of 2:5 i.e., investors received 2 bonus shares for every 5 shares. The company boasts a market capitalization of over Rs 700 crore. The stock gave multibagger returns of 2,000 per cent in 5 years and a whopping 4,070 per cent since its listing in 2018. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.