Multibagger penny stock at Rs 14.86: This mines and minerals company bags new order worth Rs 150 crore; scrip trades at low PE & high ROE
The stock is up by 82 per cent from its 52-week low of Rs 8.16 per share; 2,151 per cent in 3 years and a whopping 11,330 per cent in a decade.
Gujarat Toolroom Ltd announced that they secured a significant export-import order valued at Rs 1.5 billion (Rs 150 crore). This is a major accomplishment for the company and is expected to be completed within the current quarter, generating an operating profit margin of 5 per cent to 10 per cent. Gujarat Toolroom is actively pursuing additional domestic and international impex opportunities and anticipates securing more orders in the coming weeks. This achievement reflects the company's dedication to growing its market reach and increasing shareholder value. They appreciate the continued support and will keep stakeholders updated on their progress.
Earlier, GTL constructed a pioneering Hybrid-Green Energy Power Plant in Gujarat, India, that combined solar and wind power across a 65-acre site. The meticulously planned facility maximized energy production through a 60-acre solar panel array generating 1 Megawatt per hour per acre, strategically placed alongside 15 wind turbines, each boasting a 2.5 Megawatt per hour capacity. This hybrid approach ensured clean energy generation while minimizing environmental impact. With a total investment of Rs 572.5 crore, the plant aimed to produce a significant 97.5 Megawatts of power per hour, enough to illuminate an estimated 70,000 to 73,000 households, showcasing GTL's commitment to both technological innovation and environmental responsibility.
About the Company
Gujarat Toolroom Ltd. (GTL), established in 1991, has traditionally focused on developing and managing mines and minerals. However, their vision has recently extended towards a more sustainable future. GTL's innovative Hybrid-Green Energy Power Plant project represents a significant step in this direction. The company has a market cap of Rs 173.36 crore.
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Quarterly Results: The net sales increased by 19,710 per cent to Rs 324.10 and net profit increased by 7,260 per cent to Rs 53.88 crore in Q4FY24 compared to Q4FY23.
Annual Results: The net sales increased by 22,957 per cent to Rs 555.43 crore and net profit increased by 5,164 per cent to Rs 73.12 crore in FY24 compared to FY23.
Today, shares of Gujarat Toolroom Ltd were locked in a 5 per cent upper circuit to Rs 14.86 per share from its previous closing of Rs 14.16. The stock’s 52-week high of Rs 45.97 per share and its 52-week low is Rs 8.16 per share. The company's shares have a PE of 3x and an ROE of 165 per cent. The shares of the company saw a spurt in volume by more than 2 times on BSE.
As of June 2024, the FIIs own 0.28 per cent stake while the rest 99.72 per cent stake is owned by the public shareholders. The stock is up by 82 per cent from its 52-week low of Rs 8.16 per share; 2,151 per cent in 3 years and a whopping 11,330 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.
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