Multibagger penny stock under Rs 100 focusing on e-commerce, electric vehicles and drones sector, announces stellar quarterly results; PAT jumps 378 per cent!
The stock is up by 74 per cent from its 52-week low of Rs 46.50 per share and a whopping 4,685 per cent in 5 years.
Rattan India Enterprises Ltd, the flagship company of Rattan India Group, focuses on tech-driven new-age businesses across e-commerce, electric vehicles, fintech, and drones. Their e-commerce arm, Cocoblu, is an online retail platform partnered with various brands and leverages Amazon fulfilment centres. They also have Neobrands, a B2B online fashion apparel business with its own D2C brands. In electric vehicles, they acquired Revolt, achieving 100 per cent localization and expanding their store network. Their fintech subsidiary, Neotec, operates the digital lending platform 'Wefin' offering personal loans, vehicle loans and credit cards. Additionally, Neosky, their drone subsidiary, provides drones as products and services, with a pilot training program and new cargo and surveillance drone models.
On Monday, shares of RattanIndia Enterprises Ltd surged 1.04 per cent to Rs 80.86 per share from its previous closing of Rs 80.03 with an intraday high of Rs 85 and an intraday low of Rs 78.50. The stock’s 52-week high is Rs 94.85 and its 52-week low is Rs 46.50. The stock has an ROE of 76 per cent and an ROCE of 36 per cent. The shares of the company saw a spurt in volume by more than 3.40 times on BSE.
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According to Quarterly Results, the net sales increased by 70 per cent to Rs 2,494.03 crore and net profit increased by 378 per cent to Rs 851.25 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 36 per cent to Rs 5,609.6 crore in FY24 compared to Rs 4,123.8 crore in FY23. The company reported a net profit of Rs 424.5 crore in FY24 compared to a net loss of Rs 273.5 crore in FY23, an increase of 255 per cent.
The company has a market cap of Rs 11,177 crore with a 5-year stock price CAGR of 120 per cent. The stock is up by 74 per cent from its 52-week low of Rs 46.50 per share and a whopping 4,685 per cent in 5 years. Investors should keep an eye on this Small-Cap company.
Disclaimer: The article is for informational purposes only and not investment advice.
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