Multibagger penny stock under Rs 20 & 2,400 per cent returns: This PVC-pipes manufacturing company reports a 55 per cent jump in net profit!

The stock gave multibagger returns of 300 per cent in just 2 years and a whopping 2,400 per cent in 5 years.

On Wednesday, shares of Captain Pipes Ltd plunged 2.35 per cent to Rs 18.31 per share from its previous closing of Rs 18.75 with an intraday high of Rs 18.99 and an intraday low of Rs 18.15. The stock’s 52-week high is Rs 27 and its 52-week low is Rs 14.10. The shares of the company saw a spurt in volume by more than 2 times on BSE.

Captain Pipes Limited, a leading manufacturer of PVC pipes and fittings since 2010, offers a wide range of agricultural and plumbing solutions under the leadership of a highly experienced team. Their commitment to quality, innovation, and customer satisfaction has positioned them as a prominent brand with a robust distribution network across India and international markets.

The company has announced reported robust financial performance, with revenue from operations for Q1FY25 at Rs 2,077.39 lakh, reflecting an 8.7 per cent increase YoY from Rs 1,911.88 lakh in Q1FY24 and a slight rise from Rs 2,026.13 lakh in Q4FY24. EBITDA for the quarter stood at Rs 260.52 lakh, marking a significant 44 per cent growth from Rs 180.86 lakh in Q1FY24 and surpassing Rs 206.27 lakh in Q4FY24. The EBITDA margin improved by 309 basis points YoY, reaching 12.54 per cent compared to 9.45 per cent in Q1FY24 and 10.18 per cent in Q4FY24.

Profit Before Tax (PBT) surged by 56 per cent to Rs 210.69 lakh, up from Rs 134.67 lakh in the same quarter last year and Rs 142.93 lakh in the previous quarter. Similarly, Profit After Tax (PAT) rose by 55 per cent to Rs. 157.65 lakh, compared to Rs 101.76 lakh in Q1FY24 and Rs 90.53 lakh in Q4FY24. The PAT margin increased by 227 basis points to 7.59 per cent, from 5.32 per cent in Q1FY24 and 4.47 per cent in Q4FY24. These impressive results underscore Captain Pipes Ltd.'s strong operational performance and strategic growth initiatives, positioning the company for continued success in the PVC Pipes sector.

The company has a market cap of Rs 270 crore. The shares of the company ex-traded bonus shares in the ratio of 2:1 and stock split from a face value of Rs 10 to a face value of Rs 1 on March 03, 2023. The stock gave multibagger returns of 300 per cent in just 2 years and a whopping 2,400 per cent in 5 years. 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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