Karishma Doshi-Backed Debt-Free Multibagger Stock To Keep Under Radar As Board Likely To Announce Bonus Shares

From Rs 142.10 to Rs 658.70 per share, the stock gave multibagger returns of 363.5 per cent to its investors since listing on July 07, 2023.

Essen Speciality Films Limited informed that a meeting of the Board of Directors of the Company will be held on Monday, October 28, 2024, at its Registered Office situated at Survey No. 192, Plot No. A, Industrial Area, Behind Orchev Pharma, Veraval (Shapar), Rajkot, Gujarat - 360024, India, inter alia: -

1. To consider and approve the Unaudited Standalone Financial Results of the Company, along with the Limited Review Report, for the quarter and half-year ended September 30, 2024.
2. To consider and recommend to shareholders for their approval, issue bonus shares.
3. To discuss any other matters, with the permission of the chair.

Essen Speciality Films Ltd, a subsidiary of the Rajoo Group, is a leading manufacturer of plastic and home décor products, established in 2002. The company specializes in producing customized plastic articles tailored to meet the specific requirements of global furnishing companies. Their product range includes a variety of items for home and personal use, such as bathroom accessories, kitchen items, storage solutions, fitness products, home décor, outdoor essentials and more. Essen Speciality Films Ltd has a strong customer base, serving major retailers like IKEA, Walmart, Kmart and many others.

The company has a market cap of Rs 1,391 crore and as of March 2024, it is debt-free. The company is backed by Karishma Rajesh Doshi (Promoter), who holds a significant individual stake of 14.88 per cent. The shares of the company have a PE ratio of 107, an ROE of 13 per cent and an ROCE of 18 per cent. From Rs 142.10 to Rs 658.70 per share, the stock gave multibagger returns of 363.5 per cent to its investors since listing on July 07, 2023. Investors should keep an eye on this small-cap stock.

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

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