Penny Stock Under Rs 55: Multibagger Company Secures Rs 37.22 Crore BPCL Order for Tank Construction in Odisha – Stock Gains Over 200 Per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 685 per cent to its shareholders in the past 3 years.
Established in 1982, this micro-cap company specializes in manufacturing pressure vessels, columns, and towers, and also undertakes site engineering projects.
As per the company’s press release, it has received a work order from Bharat Petroleum Corporation Ltd Paradeep Installation (Odisha) valued at Rs 37.22 crore for the construction of a water tank as part of its regular business operations. The project is scheduled for completion within 18 months from the date of receiving the Letter of Award (LOA).
Financial Performance
As per Quarterly Results Expo Gas Containers Ltd in June 2024 reported a revenue of Rs 17.71 crore compared to Rs 18.55 crore representing a de-growth of around 4.53 per cent YoY. The company posted an operating profit of Rs 1.40 crore with a margin of around 7.91 per cent compared to Rs 1.50 crore with a margin of 8.09 per cent. The company’s net profit stood at Rs 0.29 crore for the period compared to a profit of Rs 0.35 crore same quarter last year.
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Looking at the annual performance, the company generated a revenue of Rs 75.70 crore in FY24 compared to Rs 80.22 crore in FY23 representing a de-growth of 5.63 per cent YoY. The operating profit for FY24 was Rs 5.77 crore compared to Rs 6.41 crore in FY23. The company reported a net profit of Rs 0.76 crore compared to a loss of Rs 2.21 crore.
Share Performance
At the start of today’s trading session, Expo Gas Containers Ltd opened at Rs 51.67 per share, compared to the last day’s closing price of Rs 52.72 per share on the BSE. Currently, the shares are at around Rs 51.67 per shares on the BSE. The current market capitalization stands at Rs 117.79 crore, and the stock has generated impressive multibagger returns of over 200 in the past year.
Disclaimer: The article is for informational purposes only and not investment advice.