2:1 bonus share: Multibagger penny stock under Rs 35 to keep under the radar as company announces stellar Q1FY25 results; PAT jumps 245 per cent

The stock gave multibagger returns of over 160 per cent from its 52-week low of Rs 11.84 per share.

Founded in 2012, DRC Systems India Ltd is a certified IT services and consultancy firm, offering a comprehensive suite of digital solutions from software development and mobile apps to AI, automation, cloud services, and marketing. Recognized for excellence by CMMI Level 3 and Adobe Bronze Partner status, DRCSIL delivers tailored solutions for businesses seeking digital transformation.

Earlier, the shares of the company ex-traded bonus shares in the ratio of 2:1 i.e., 2 new bonus equity shares of Rs 1 each for every 1 existing equity share of Rs 1 each fully paid up held as on the record date. The ex-date for bonus shares was Tuesday, February 27, 2024.

On Monday, shares of DRC Systems India Ltd plunged 0.69 per cent to Rs 31.68 per share from its previous closing of Rs 31.90. The stock’s 52-week high is Rs 33.70 and its 52-week low is Rs 11.84.

The company has a market cap of over Rs 400 crore. According to the Quarterly Results, net sales increased by 116 per cent to Rs 15.36 crore, operating profit increased by 183 per cent to Rs 5.25 crore and net profit increased by 245 per cent to Rs 3.85 crore in Q1FY25 compared to Q1FY24. In its annual results, net sales increased by 86 per cent to Rs 47.68 crore and net profit increased by 71 per cent to Rs 11.61 crore in FY24 compared to FY23.

The shares of the company have an ROE of 33 per cent and an ROCE of 31 per cent. The stock gave multibagger returns of over 160 per cent from its 52-week low of Rs 11.84 per share. Investors should keep an eye on this micro-cap stock.

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

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