Low PE multibagger stock: This small-cap company has commissioned multiple orders!
The stock has a PE of 7.88x, whereas the sectoral PE is 19.2x and generated multibagger returns of over 123 per cent in just 3 years.
Kalyani Steels Ltd informed that it has commissioned a coke-making facility and partial commissioning of a waste heat recovery (WHR) based captive power plant. It planned to set up a 200,000 TPA Non-recovery / Heat recovery, stamp-charged coke oven with modified wet quenching of hot coke and a 17-18 MW captive power plant to be operated utilising waste heat energy of flue gas generated from a coke oven.
1) Coke Oven:
- Annual capacity (Dry coke) – 0.2 MT
- No. of Ovens – 72 (Divided into two batteries of 36 ovens each)
2) Heat Recovery Captive Power Plant:
- Power generation capacity – 17-18 MW
- Generation voltage – 11KV
Kalyani Steels Ltd, a part of Kalyani group. It primarily manufactures and sells iron and steel products. Talking about the financials, the company has a market cap of Rs 1,357.39 crore with 3 years CAGR of 29 per cent.
The stock has a PE of 7.88x, whereas the sectoral PE is 19.2x. The shares of the company generated multibagger returns of over 123 per cent in just 3 years.
On Friday, shares of Kalyani Steels Ltd zoomed 3.98 per cent to Rs 310.95 with a day’s high of Rs 312.95 and a day’s low of Rs 300.70.
Investors should keep an eye on this stock.