Multibagger Penny Stock Under Rs 20: Microcap Company Bags Order Worth Rs 1.14 Billion and Projects Rs 2.28 Billion Worth of Order in Upcoming Days; Stock Hits Upper Circuit!
The company’s shares have delivered multibagger returns of over 990 per cent to its shareholders in just 2 years only.
Incorporated in 1991, Gujarat ToolRoom Ltd is engaged in developing and operating mines and minerals, along with related activities. The company had not reported significant revenue for several years, except for FY23. Currently, it is providing mining services and exploring other business opportunities.
Gujarat Toolroom Ltd.'s Dubai subsidiary, GTL Gems DMCC, has secured a major impex order valued at AED 50 million (approximately Rs 1.14 billion). With a projected profit margin of 5 per cent to 7.5 per cent, this order highlights the subsidiary's strong international market position and growing operational capacity.
Additionally, GTL Gems DMCC is expected to receive orders exceeding AED 100 million (around INR 2.28 billion) in the coming quarters. These developments are set to enhance the subsidiary's market presence and drive significant revenue growth, positively impacting Gujarat Toolroom Ltd.'s financial performance and global footprint.
Read 1:1 Bonus Share & 10:1 Stock Split: Rahul Gandhi’s Portfolio Stock Hits Upper Circuit Today; Stock Gains 700 Per cent in Just 2 Years!
Today shares of Gujarat ToolRoom Ltd are at around Rs 12.13 per share. The company’s current market capitalization stands at Rs 19.65 crore. Additionally, the shares have delivered a multibagger return of over 1,500 per cent in the past 3 years.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per the Quarterly Results, in Q4 FY24, Gujarat ToolRoom Ltd recorded a revenue of Rs 324 crore, representing a 19,662 per cent YoY gain from Rs 132 crore. The operating profit for Q4 FY24 stood at Rs 55 crore along with an operating profit margin of 17 per cent. The net profit for Q4 FY24 stood at Rs 54 crore compared to a profit of Rs 1 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 555 crore in FY24. The operating profit for FY24 was Rs 71 crore with a net profit of Rs 71 crore compared to a net profit of Rs 1 crore in FY23.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
Related articles
-
1:5 Rights Issue: Wind Power Generation Company’s Rs 48.30 crore Issue Oversubscribed by 1.59 Times; FIIs Bought 3,09,126 Shares!
-
Multibagger Marine and Defence Company Bags Order Worth Rs 4,48,00,000; DIIs Bought Stake After 3 Years, Stock Gains Over 290 per cent in Just 1 Year!
-
Adani Group Company Awards Order Worth Rs 2,56,92,716 to This Microcap Company; Stock Hits Upper Circuit Today, Gains Over 200 per cent in Just 3 Months!
-
1:1 Bonus Share & 10:1 Stock Split: Rahul Gandhi’s Portfolio Stock Hits Upper Circuit Today; Stock Gains 700 Per cent in Just 2 Years!
-
FIIs and DIIs Increased Stake: This Indian Textile Exporter Hits All-Time High with Heavy Volumes Today!