650 per cent returns and 50 per cent dividend announced: This multibagger micro-cap stock reports 100 per cent increase in net profit!

Shares of the company gained more than 90 per cent in the last six months.

KPT Industries Limited has posted strong Quarterly Results in Q4FY24. The revenue of the company stood at Rs 39.19 crore which grew by 10.7 per cent YoY. The operating profit of the company stood at Rs 6.56 crore which grew by 42.05 per cent on a YoY basis, while the PAT of the company stood at Rs 3.65 crore, which increased by 108.58 per cent on a YoY basis. The stock also made a new 52-week high today. The board of the company recommended a dividend of Rs 2.50 per share.

KPT Industries Limited (KPTIL) was incorporated in 1976 as Kulkarni Black & Decker Limited, a joint venture (JV) between the Kulkarni family led by Mr. Prakash Kulkarni and Black & Decker, USA. During 1993, the entire stake of Black & Decker, USA, was acquired by the Kulkarni family and the name of the company was subsequently changed to Kulkarni Power Tools Limited. KPTIL operates in four business segments - portable power tools, blowers, windmills, and E-Cart.

KPTIL prioritizes spreading risk across its operations. Their customer base is well-diversified, with the top 10 clients only contributing around 14 per cent of total sales. This reduces dependence on any single customer for a significant portion of their income.

Shares of KPT Industries Limited have also delivered multibagger returns to their shareholders in the last three years. During this period, the company’s share price jumped from Rs 115.80 on May 14, 2021, to Rs 868.00 on May 07, 2024, an increase of 650 per cent in the last three years holding period. The company has an ROCE of 24.5 per cent and an ROE of 24.03 per cent, with a market capitalization of Rs 295 crore.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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