Penny Stock Under Rs 10: Company Secures Order Worth Rs 105 Crore from Several Entities; Stock Hits Upper Circuit on Friday!

The company’s shares have delivered a multibagger of over 80 per cent to its shareholders in the past 2 years.

Incorporated in 2008, this micro-cap company is engaged in the manufacturing and trading of gold ornaments and articles of various designs. AGOL specializes in antique jewelry manufacturing and supplies, as well as the trading of gold jewelry of diverse designs. Until March 2019, the company was involved in wholesale trading of jewelry, which was manufactured on a job-work basis in Ahmedabad and Rajkot. Product designs are created either in-house or by third parties on the company’s behalf, and the jewelry is then produced on a job-work basis.

Ashapuri Gold Ornament has secured an order for antique gold jewellery valued at Rs 105 crore from several prominent entities. The order includes contributions from Malabar Gold, Kalyan Jewellers India, Tribhovandas Bhimji Zaveri & other esteemed customers.  

On Friday, shares of Ashapuri Gold Ornament closed at around Rs 7.32 per share. The company’s current market capitalization stands at Rs 243.99 crore. The stock has delivered a return of over 80 per cent in just 1 year.

As per the Quarterly Results, in Q1 FY25, Ashapuri Gold Ornament recorded a revenue of Rs 44.23 crore compared to Rs 19.95 crore representing a gain of 122 per cent. The operating profit for Q1 FY25 stood at Rs 3.37 crore with an operating margin of 7.62 per cent. The net profit for Q1 FY25 was Rs 2.69 crore compared to Rs 0.47 crore representing a gain of over 470 per cent. Looking at the annual performance, the company generated a revenue of Rs 165 crore in FY24. The operating profit for FY24 was Rs 10 crore with a net profit of Rs 7 crore.

Investors must keep this micro-cap stock on their radar.

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