Penny Stock Under Rs 15 & 1,850 Per cent Returns: Company Bags Order Worth Rs 18,40,00,000 from KEI Industries!
The company’s shares have delivered an impressive multibagger return of over 1,850 per cent in just 5 years.
Incorporated in 2010, Rajnandini Metal Ltd is engaged in the manufacturing, trading, and dealing of high-grade Copper Continuous Casting Rods and copper wires. Previously, RML focused on trading various types of ferrous and non-ferrous metal scrap, including copper wires, ingot scrap, and other related items used in electrical and industrial applications. Since FY19, the company has expanded its operations to include the manufacturing of copper rods, wires, and other products in a range of grades, thicknesses, widths, and standards tailored to customer specifications.
The company has received an order valued at Rs 18.40 crore from KEI Industries Ltd for the supply of its products.
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On Friday, the shares of Rajnandini Metal Ltd closed the day at around Rs 11.31 per share on the NSE. The company’s current market capitalization stands at Rs 312.70 crore. Additionally, the shares have delivered an impressive multibagger return of around 1850 per cent in the past 5 years.
As per the Quarterly Results, in the Q1 FY25, Rajnandini Metal Ltd recorded a revenue of Rs 314.61 crore compared to Rs 265.86 crore. The operating profit stood at Rs 1 crore. The net loss stood at Rs 1.24 crore compared to a profit of Rs 4.59 crore. Looking at the annual performance, the company generated a revenue of Rs 1212 crore in FY24. For FY24, the company reported an operating profit of Rs 21 crore, representing an operating profit margin of 2 per cent. The net profit for the same period was Rs 15 crore.
According to the shareholding pattern of the company, the promoters hold a significant 51.68 per cent stake while the public investors own 48.32 per cent of the shares.
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Disclaimer: The article is for informational purposes only and not investment advice.