Multibagger infra stock hit upper circuit & 52-week high as company reports a 17,386 per cent jump in PAT
. The stock gave multibagger returns of 1,150 per cent in 1 year and a whopping 3,250 per cent in 5 years.
On Friday, shares of Constronics Infra Limited hit a 5 per cent upper circuit to Rs 150.45 per share. The stock also made a fresh 52-week high of Rs 150,45 per share and gave multibagger returns of 1,154 per cent from its 52-week low of Rs 12 per share. The shares of the company saw a spurt in volume by more than 13.75 times on BSE.
Constronics Infra Ltd, a company with roots in the pharmaceutical industry, underwent a transformative shift in fiscal year 2018. Founded in 1992, the company pivoted towards the construction and infrastructure sector, concentrating on the trading of essential building materials. Its product portfolio encompasses a diverse range of materials vital to construction projects, including manufactured sand (M-sand), plastering sand (P-sand), blue metal, ready-mix concrete, pre-mixed building materials, and solid blocks. These products, each serving specific construction purposes, contribute to the company's position as a significant player in the building materials market.
According to Quarterly Results, net sales increased by 20,213 per cent to Rs 13.81 crore, operating profit increased by 7650 per cent to Rs 1.24 crore and net profit increased by 17,386 per cent to Rs 1.22 crore in Q2FY25 compared to Q2FY24. In its annual results, net sales decreased by 6 per cent to Rs 0.77 crore and net profit increased by 1,158 per cent to Rs 0.72 crore in FY24 compared to FY23. Looking at its half-yearly results, net sales increased by 8,115 per cent to Rs 16.68 crore, operating profit increased by 2,162 per cent to Rs 1.20 crore and net profit increased by 3,312 per cent to Rs 1.16 crore in H1FY25 compared to H1FY24.
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Earlier, the company has secured two significant contracts. Order 1, valued at Rs 16 crore, involves the construction of a residential apartment under a joint development agreement with Mrs Sundari. The project is expected to be completed within 24 months. In Order 2, the company has been awarded a Rs 43 lakh contract from EKK Infrastructure Limited for a purchase order. Both contracts are domestic and are expected to contribute positively to the company's financial performance.
The company has a market cap of Rs 188.50 crore. The shares of the company have an ROE of 118 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of 1,150 per cent in 1 year and a whopping 3,250 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.