Low PE high ROE multibagger stock; Board likely to announce bonus shares!
The stock gave multibagger returns of 223.50 per cent in just 3 years.
Bhansali Engineering Polymers Ltd informed that the Board of Directors of the company will hold a meeting on Sunday, May 14, 2023, inter alia:
1) Audited financial results (standalone & consolidated) of the company for the quarter and financial year ending March 31, 2023.
2) Proposal for issuance of bonus equity shares of the company, subject to requisite approvals.
On Friday, shares of Bhansali Engineering Polymers plunged 0.44 per cent to Rs 114.20 per share from its previous closing of Rs 114.70 with an intraday high of Rs 115.65 and an intraday low of Rs 112.95. The stock has a 52-week high of Rs 138.10 and a 52-week low of Rs 87.15.
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Bhansali Engineering Polymers Ltd is engaged in the manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market. The shares of the company saw a spurt in volume by more than 2.10 times on BSE.
Talking about the financials, this chemicals sector company has a market cap of Rs 1,895 crore and has delivered good profit growth of 57.9 per cent CAGR over the last 5 years.
The stock has a PE of 9.76x and an ROE of 45 per cent. The stock gave multibagger returns of 223.50 per cent in just 3 years. Investors should keep an eye on this Small-Cap stock.