Low PE multibagger stock below Rs 50: Board announced stock split, do you have it?
The net sales increased by 88.25 per cent and net profit increased by 500 per cent in FY22 compared to FY21.
Shree Ram Proteins Ltd informed that the Board of Directors of the company has approved a split/sub-division of the equity shares of the company having a face value of Rs 10 each in 10 equity shares of Rs 1 each. The company verified the record date on Friday, May 16. 2023.
On Friday, shares of Shree Ram Proteins Ltd zoomed 1.23 per cent to Rs 45.40 per share from its previous closing of Rs 44.85 with an intraday high of Rs 46.25 and a low of Rs 44.90.
The stock has a 52-week high of Rs 128.80 and a 52-week low of Rs 37.45. The stock gave multibagger returns of 110 per cent in just 3 years with a PE of 20.06x whereas the sectoral PE is 35.5x.
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Shree Rama Proteins Ltd is engaged in the business of edible oil and solvent extraction from various types of agro products. The company's product offerings include cotton linter, cotton seed meal, soybean meal, groundnut meal, raw cotton bales and others.
According to the financials, Shree Ram Proteins has a market cap of Rs 97.25 crore. The company reported positive numbers in both Quarterly Results and annual results. The net sales increased by 88.25 per cent and net profit increased by 500 per cent in FY22 compared to FY21.
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