Penny Stock Under Rs 20: Multibagger Microcap Company Bags Order Worth Rs 25 Million – Rs 1 Lakh Turned Rs 11.50 Lakh in Just 2 Years!

The company’s shares have delivered an impressive multibagger return of over 1,000 per cent in the past 2 years.

Sprayking Ltd (formerly Sprayking Agro Equipment Limited) has announced that Narmadesh Brass Industries Ltd which is a subsidiary of the company has received the contract for procurement of Brass Billets amounting to around Rs 25 million. The delivery and installation of the new machinery are expected within around 30-40 days.

Based in Jamnagar, Sprayking Ltd is a leading manufacturer, known for its commitment to innovation and quality. The newly acquired high-tech equipment represents a major step forward in integrating modern technology into their production. The machinery has been fully paid for in advance, highlighting the company’s dedication to maintaining a competitive edge.

Today, the shares of Sprayking Ltd closed at around Rs 16.50 per share on the BSE. The company’s current market capitalization stands at Rs 174.48 crore. Additionally, the shares have delivered an impressive multibagger return of around 1040 per cent in the past 2 years only. During this period, if you had invested Rs 1 lakh two years ago, it would have grown to Rs 11.40 lakh.  Furthermore, the company has announced 1:1 bonus shares this year.

As per the Quarterly Results, in the Q1 FY25, Sprayking Ltd recorded a revenue of Rs 35.81 crore compared to Rs 16.34 crore. The operating profit stood at Rs 4.39 crore with a margin of 12.26 per cent. The net profit stood at Rs 2.35 crore compared to a profit of Rs 1.04 crore.  Looking at the annual performance, the company generated a revenue of Rs 102 crore in FY24. The company’s net profit stood at Rs 9 crore compared to a profit of Rs 2 crore in FY23.

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Investors must keep this stock on their radar.

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