Multibagger penny stock under Rs 15: This mines and minerals company reports a 23,737 per cent jump in net profit & bags new order worth Rs 150 crore!
The stock is up by 24 per cent from its 52-week low of Rs 9.27 per share; 1,125 per cent in 3 years and a whopping 6,660 per cent in a decade.
Gujarat Toolroom Ltd (GTL), established in 1991, has traditionally focused on developing and managing mines and minerals. However, their vision has recently extended towards a more sustainable future. GTL's innovative Hybrid-Green Energy Power Plant project represents a significant step in this direction. The company has a market cap of Rs 134 crore.
Quarterly Results: The total income increased by 41,018 per cent to Rs 452.30 crore and net profit increased by 23,737 per cent to Rs 185.93 crore in Q1FY25 compared to Q1FY24.
Annual Results: The net sales increased by 22,957 per cent to Rs 555.43 crore and net profit increased by 5,164 per cent to Rs 73.12 crore in FY24 compared to FY23.
Gujarat Toolroom Ltd has secured a significant export order valued at Rs 1.5 billion (Rs 150 crore). This is a major accomplishment for the company and is expected to be completed within the current quarter, generating an operating profit margin of 5 per cent to 10 per cent. Gujarat Toolroom is actively pursuing additional domestic and international impex opportunities and anticipates securing more orders in the coming weeks. This achievement reflects the company's dedication to growing its market reach and increasing shareholder value. They appreciate the continued support and will keep stakeholders updated on their progress.
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Earlier, GTL constructed a pioneering Hybrid-Green Energy Power Plant in Gujarat, India, that combined solar and wind power across a 65-acre site. The meticulously planned facility maximized energy production through a 60-acre solar panel array generating 1 Megawatt per hour per acre, strategically placed alongside 15 wind turbines, each boasting a 2.5 Megawatt per hour capacity. This hybrid approach ensured clean energy generation while minimizing environmental impact. With a total investment of Rs 572.5 crore, the plant aimed to produce a significant 97.5 Megawatts of power per hour, enough to illuminate an estimated 70,000 to 73,000 households, showcasing GTL's commitment to both technological innovation and environmental responsibility.
On Wednesday, shares of Gujarat Toolroom Ltd gained 2.50 per cent to Rs 11.49 per share from its previous closing of Rs 11.21. The stock’s 52-week high of Rs 45.97 per share and its 52-week low is Rs 9.27 per share. The company's shares have a PE of 3x and an ROE of 165 per cent.
As of July 2024, the FIIs own 0.13 per cent stake while the remaining 99.87 per cent stake is owned by the public shareholders. The stock is up by 24 per cent from its 52-week low of Rs 9.27 per share; 1,125 per cent in 3 years and a whopping 6,660 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.
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