33 per cent from its 52-week low of Re 0.91: Multibagger penny stock hit upper circuit – Board allotted 8 crore equity shares on conversion of warrants!

The stock is up by 33 per cent from its 52-week low of Rs 0.91 per share and gave multibagger returns of over 300 per cent in 3 years.

Teamo Productions HQ Limited (formerly known as GI Engineering Solutions Limited) is now in the business of film production, distribution and allied businesses, in addition to its other conventional businesses. The company’s business activities include developing, producing, distributing, marketing and financing of all kinds commercial feature films, content Production, animation, graphics, CGI movies, AI-powered feature films, making OTT films, cine films, talkie films, telefilms, advertising films, documentaries, animation, TV Serials, music production, music composition, recording studio, advertisers and other allied & related activities in India and abroad.

The Board of Directors meeting held on June 11, 2024, approved the allotment of 8,00,00,000 equity shares with a face value of Re 1 each at an issue price of Rs 1.50 each (including a premium of Rs 0.50). This allotment follows the conversion of 80,00,000 warrants that were previously issued at Rs 15 each. The conversion price considers a stock split that occurred on December 14, 2023. M/s. Aryadeep Tie Up Private Limited and M/s. Kiwi Dealcom Private Limited exercised its rights to convert its warrants after paying the remaining balance of Rs 9,00,00,000 (Rs 11.25 per warrant). This conversion increased the company's issued and paid-up capital to Rs 94,12,19,600 and the new shares rank equally with existing equity shares. There are still 3,77,50,000 warrants outstanding that can be converted by their holders.

Also Read: 1:1 bonus share & FIIs increase stake: Steel tube manufacturing stock in green post allotment of 1,00,000 shares on conversion of warrants post bonus issue!

Earlier, The Indian film "The Shameless," a collaborative effort between multiple countries and distributed by Teamo Productions HQ Limited (TPHQ) within India, Bangladesh, and Nepal, triumphed at the 77th Cannes Film Festival. The movie, directed by Bulgarian filmmaker Konstantin Bojanov and starring Anasuya Sengupta, premiered in the prestigious Un Certain Regard section. Sengupta's captivating performance earned her the Best Actress Award, making her the first Indian actress to achieve this feat at Cannes. The film's success is a collective achievement, celebrated by producer Mohaan Nadaar, director Bojanov, the cast led by Sengupta, and the entire crew. Inspired by the real-life struggles of Devadasi women, "The Shameless" began as a documentary project before evolving into a fictional tale of resilience and forbidden love. The team is excited to share this award-winning film with audiences worldwide, marking a significant victory for independent cinema.

Quarterly Results: The company reported revenue from operations of Rs 114.60 crore in Q4FY24 vs Rs 129.70 crore in Q3FY24 vs Rs 375.58 crore in Q4FY23. The net profit increased by 1,726.3 per cent to Rs 3.47 crore in Q4FY24 compared to 0.19 crore in Q3FY24 where the net profit increased by 142.7 per cent to Rs 3.47 crore in Q4FY24 compared to 1.43 crore in Q4FY23.

Annual Results: The company reported revenue from operations of Rs 457.96 crore in FY24 vs Rs 830.38 crore in FY23. The net profit increased by 69.4 per cent to Rs 4.88 crore in FY24 compared to Rs 2.88 crore in FY23.

Today, shares of Teamo Productions HQ Ltd hit a 5 per cent upper circuit to Rs 1.21 per share from its previous closing of Rs 1.16. The stock’s 52-week high is Rs 3.83 and its 52-week low is Rs 0.91. The company has a market cap of Rs 96.50 crore and working capital requirements have been reduced from 9,929 days to 15.1 days.

The company's shares have a PE of 36.1x whereas the industry PE is 20.6x with an ROE of 15 per cent and an ROCE of 17 per cent. The stock is up by 33 per cent from its 52-week low of Rs 0.91 per share and gave multibagger returns of over 300 per cent in 3 years.

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