Debt-Free Microcap Company Bags Order from Tata Memorial Centre – ACTREC, Complete Details Inside!

The company’s shares have delivered an impressive return of over 570 per cent to its shareholders.

Priti International Limited, a leading innovator in furniture design and manufacturing, announced a major achievement with a new order from the Tata Memorial Centre - Advanced Centre for Treatment, Research and Education in Cancer (ACTREC) in Mumbai. The company will supply innovative furniture for 96 rooms at the esteemed facility. This collaboration with ACTREC, based in Navi Mumbai, represents a significant milestone for the company, highlighting the trust placed in the company by one of India’s foremost healthcare institutions. The custom-designed furniture will enhance comfort, functionality, and aesthetics to meet the needs of both patients and staff at ACTREC.

Today, the shares of Priti Limited closed at around Rs 152 per share on the NSE. The company’s current market capitalization stands at Rs 202.97 crore. Additionally, the shares have delivered an impressive return of over 570 per cent in the past 5 years.

As per Quarterly Results, the company reported a revenue of Rs 20.27 crore compared to Rs 17.25 crore representing a gain of 17.51 per cent YoY while the net profit reported by the company is Rs 1.47 crore compared to Rs 1.77 crore in the same quarter last year. Looking at the annual performance, the company generated a revenue of Rs 90.33 crore in FY24 compared to Rs 82.85 crore representing a gain of 9 per cent. The operating profit for FY24 was Rs 11.15 crore with an operating profit margin of 12.34 per cent which was 10.02 per cent in FY23. The company reported a net profit of Rs 8.57 crore compared to a net profit of Rs 7.12 crore in FY23 representing a gain of around 34.40 per cent YoY.

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Investors must keep this stock on their radar.

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