Multibagger penny stock under Rs 15: This micro-cap company receives multiple orders worth Rs 60.33 crore!

The stock gave multibagger returns of over 1,000 per cent in 3 years with a PE of 19x and an ROE of 41 per cent.

Rajnandini Metal Ltd informed that the company received orders worth Rs 60.33 crore for the supply of our products from the following parties: -

1) KEI Industries Limited placed an order worth Rs 34.61 crore.

2) Svarn Infratel Pvt Ltd placed an order worth Rs 19.57 crore.

3) Paramount Communications Ltd placed an order worth Rs 6.15 crore.

Rajnandini Metal Ltd is engaged in the business of manufacturing, trading or otherwise dealing in steel, iron, iron alloy, castings, various kinds of chemicals, furnace oils and petroleum products.

Talking about the financials, the company has a market cap of Rs 280 crore with a 3-year stock price CAGR of 122 per cent. In its Quarterly Results, the net sales increased by per cent to Rs 265.86 crore and net profit increased by per cent to Rs 4.59 crore in Q1FY24 compared to Q1FY23. The net sales increased by per cent to Rs 1,029 crore and net profit increased by per cent to Rs 14 crore in FY23 compared to FY22.

On Friday, shares of Rajnandini Metal surged 1.49 per cent to Rs 10.20 per share from its previous closing of Rs 10.05. The stock traded at an intraday high of Rs 10.25 per share and an intraday low of Rs 10 per share.

The stock gave multibagger returns of over 1,000 per cent in 3 years with a PE of 19x and an ROE of 41 per cent. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.