Turnaround story in this debt-free penny stock at Rs 3.59; Revenue jumps 724 per cent and PAT zooms 169 per cent; details inside!

The stock’s 52-week high is Rs 13.48 while its 52-week low of Rs 3.26.

Today, shares of Toyam Sports Ltd surged 3.16 per cent to Rs 3.59 per share from its previous closing of Rs 3.48. The stock’s 52-week high is Rs 13.48 while its 52-week low of Rs 3.26.

Toyam Sports Ltd, founded in 1985, is a unique company in India. They are the only publicly traded company involved in various aspects of sports like production, promotion, and management. They are particularly focused on growing niche sports like Mixed Martial Arts (MMA) but also have a presence in established sports like cricket and tennis. Toyam Sports even offers its own branded sports accessories through major e-commerce platforms. Their reach extends beyond India with the acquisition of Pacific Star Sports, granting them rights to conduct leagues in several countries. This diversified company is actively involved in putting on events like MMA reality shows, cricket leagues across Africa and Asia, and even sponsoring international tennis teams.

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According to the Quarterly Results, the company reported a turnaround story as it reported net sales of Rs 3.26 crore and net profit of Rs 2.08 crore in Q4FY24 compared to negative net sales of Rs 1.26 crore and net loss of Rs 3.76 crore in Q4FY23, an increase of 359 per cent and 155 per cent, respectively. In its annual results, the company reported net sales of Rs 27.92 crore and a net profit of Rs 8.44 crore in FY24 compared to net sales of Rs 3.39 crore and a net loss of Rs 12.22 crore in FY23, an increase of 724 per cent and 169 per cent, respectively.

The company’s only 0.23 per cent stake is owned by FIIs and the remaining 99.78 per cent stake is owned by the public as of March 2024. The company has a market cap of over Rs 200 and as of March 31, 2024, it is debt-free. Investors should keep an eye on this micro-cap stock.

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