Penny stock under Rs 15 and Rs 7,281 million order book: This multibagger infrastructure stock reports an 1,874 per cent increase in net profit!

Shares of this company jumped more than 60 per cent in the last six months.

Nila Infrastructures has posted strong Quarterly Results in Q4FY24. The revenue of the company stood at Rs 86.75 crore which grew by 101.01 per cent YoY. The operating profit of the company stood at Rs 9.53 crore which grew by 164.77 per cent on a YoY basis, while the PAT of the company stood at Rs 5.25 crore, which increased by 1,874.06 per cent on a YoY basis.

Nila Infrastructures Limited (NIL) is the flagship company of the Ahmedabad-based Sambhaav Group. NILA started operations as a real estate developer in Gujarat and presently the Company is a diversified infrastructure entity operating in Gujarat and Rajasthan.

The has a land bank of around 300 acres in Becharaji, Gujarat for developing industrial, logistics parks, and residential infrastructure. With a strong order book of Rs 7,281 Mn (as of June 30, 2022), their revenue primarily comes from affordable housing projects.

Shares of Nila Infrastructures Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 5.20 on May 08, 2023, to Rs 11.05 on May 06, 2024, an increase of about 100 per cent in the last one year holding period. The company has an ROCE of 12.5 per cent and an ROE of 8.14 per cent, with a market capitalization of Rs 436 crore.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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