Dilipkumar Lakhi's portfolio multibagger penny stock with Rs 169.2 crore order book: This iron & steel company receives order worth Rs 15.87 crore!

The stock has delivered multibagger returns, with a 150 per cent increase in 1 year, 390 per cent in three years, and a whopping 2,200 per cent in a decade.

Welspun Specialty Solutions Ltd informed the exchange (BSE Scrip Code: 500365) that the company has received an order valued at Rs 15.87 crore (including taxes) from a domestic, unrelated customer for a supply of duplex grade seamless tubes. The said order is expected to be executed by March 2024. The company has received the said order in the normal course of business.

Welspun Specialty Solutions is engaged in the business of manufacturing alloy, stainless steel & its products such as seamless tubes & rolled products and hence the entire turnover is from alloy and SS steel & its products. As of September 30, 2023, the company order book stands at 4,507 MT valued at Rs 169.2 crore.

The company has a market cap of over Rs 2,100 crore with a 3-year stock price CAGR of 64 per cent. According to the Quarterly Results, the net sales increased by 138.63 per cent to Rs 207.82 crore and net profit skyrocketed by 150 per cent to Rs 5.71 crore in Q2FY24 compared to Q2FY23. In FY23, the net sales skyrocketed by 157 per cent to Rs 418 crore compared to FY22.

As of September 30, 2023, an ace investor, Dilip Kumar Lakhi owns a 23.04 per cent stake in the company.  

The stock has delivered multibagger returns, with a 150 per cent increase in 1 year, 390 per cent in three years, and a whopping 2,200 per cent in a decade. Investors should keep an eye on this Small-Cap stock.

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