Multibagger small-cap stock locks in the upper circuit; hits back-to-back 52-week high!
The stock has gained momentum in the past 1 year as it has given multibagger returns of more than 315 per cent.
On June 13, 2023, the shares of Brady & Morris engineering company Limited touched an upper circuit at Rs 449.65 per share on BSE. Additionally, the shares hit a new 52-week high of Rs 449.65 per share on BSE.
Brady & Morris engineering company was founded in 1946 and manufactures material handling equipment, textile machinery and stores, among other things.
The consolidated financial results of Brady & Morris Ltd for Q4FY23 reported total sales of Rs 15.54 crore and dipped by 2.8 per cent YoY basis from last year same quarter. EBITDA levels surged by 94.28 per cent from corresponding quarter last year to Rs 2.26 crore. The PAT (profit after tax) increased by 69.66 per cent from March 2022 quarter to report Rs 1.51 crore.
Correspondingly, consolidated financial statements for FY23 reported its total sales at Rs 60.37crore, up by 29.02 per cent over FY22. EBITDA level stood at Rs 7.38 crore witnessing a spike of 47.30 per cent compared to previous year. Net profit of the company is up by 58.30 per cent, as compared to FY22 to Rs 5.05 crore.
Over the last five years, the company has generated good profit growth at a CAGR of 26.1 per cent.
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The stock has gained momentum in the past 1 year as it has given multibagger returns of more than 315 per cent returns. Keep a close eye on this Small-Cap construction vehicles stock.