From Rs 54 to Rs 540: This small-cap aerospace and defence stock hits upper circuit with heavy volumes, posted highest ever revenue and profit – must watch!

The company's shares have given an exceptional return of around 535 per cent to their shareholders in just 2 years.

This aerospace and defence company develops, manufactures, and designs Defense Application Products, Kitchen, and Dairy Equipment Products. It operates two manufacturing plants located in Gujarat, in the Kalol and Halol districts near Vadodara. Krishna Defence and Allied Industries Limited was incorporated in 1996. In 2006 the company entered into the defence space and became a ToT partner with DMRL, Hyderabad shipbuilding steel sections.

At the start of the day's trading session, the stock opened at Rs 546.50 per share, compared to the previous day's closing figure of Rs 455.45 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 546.50 per share on the BSE. The stock has reached the upper circuit price limit of 20 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The company's current market capitalisation stands at Rs 749 crore, and the stock has generated an impressive multibagger return of around 194 per cent in the past year.

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According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 71 crore compared to a revenue of Rs 44 crore. The company’s operating profit reached Rs 11 crore compared to a profit of Rs 6 crore in Q4 FY23. The operating margin stood at 15 per cent. The net profit of the company was Rs 7 crore in Q4 FY24 compared to a net profit of Rs 4 crore.

Turning your attention to the annual performance of the company, it reported a revenue of Rs 106 crore, compared to Rs 63 crore in FY23. The company reported an operating profit of Rs 15 crore. The company’s net profit was Rs 10 crore in FY24. The company’s profits have surged by 400 per cent from Rs 2 crore in FY19 to Rs 10 crore in FY24.

According to the shareholding pattern, the promoters of the company hold 68.33 per cent while the remaining 31.67 per cent is held by the public or retail investors.

Investors must keep this Small-Cap stock on their radar.

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