Rs 46,00,00,000 Investment: Penny Stock Under Rs 20 In Green After Company Completes Expansion with 75 Per Cent Financed by Indian Overseas Bank
From Rs 2.89 to Rs 16.59 per share, the stock gave multibagger returns of 474 per cent in 3 years and a whopping 888 per cent in 5 years.
On Tuesday, shares of OK Play India Ltd gained 4.41 per cent to Rs 16.59 per share from its previous closing of Rs 15.89 per share. The stock is up by 56.2 per cent from its 52-week low of Rs 10.62 per share.
OK Play India Limited has successfully concluded the expansion of its Roz Ka Meo, Haryana plant, augmenting its production capabilities with the addition of new Blow and Injection moulding machines, ancillary equipment, and moulds. This significant expansion, involving an investment of approximately Rs 46 crore, 75 per cent of which was financed by the Indian Overseas Bank, is projected to boost the plant's annual production capacity of toys, playground equipment, and children's furniture by over 300 per cent. With existing capacity utilization at approximately 80 per cent of the initial 300 MT per annum, the added 900 MT per annum will significantly enhance the company's ability to meet the burgeoning market demand and optimize its operational efficiency. The expansion project, initiated in July 2024, has been completed as planned.
OK Play India Ltd., a leading plastic moulder and toy manufacturer, has expanded its services to include private label and contract manufacturing. This strategic move allows them to partner with top brands like Amazon, Flipkart, Myntra, Hamleys, and First Cry, reinforcing their position as an industry leader. Committed to quality and safety, OK Play prioritizes strong brand partnerships.
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Consolidated Results - The company reported net sales of Rs 37.94 crore in Q2FY25 compared to net sales of Rs 40.31 crore in Q2FY24. The company reported a net profit of Rs 0.28 crore in Q2FY2 compared to a net profit of Rs 0.41 crore in Q2FY24. In its half-yearly results, the net sales decreased by 7 per cent to Rs 77.75 crore while net profit increased by 50 per cent to Rs 1.15 crore in H1FY25 compared to H1FY24. According to annual results, the net sales increased by 1.2 per cent to Rs 184.56 crore in FY24 compared to FY23. The net profit increased by 157.8 per cent to Rs 1.13 crore in FY24 compared to a net loss of Rs 1.96 crore in FY23.
OK Play India Ltd. is poised for robust growth in Q4FY25, driven by significant investments in expanding production capacities, strategic partnerships with major retailers, and the successful commercialization of innovative products like "COMPTANK." The company's strong focus on quality, safety, and innovation, coupled with favourable industry dynamics, positions it well to capitalize on the growing domestic toy market. The anticipated increase in production and sales, along with the diversification into new product segments, is expected to drive substantial revenue and profitability growth in the coming years.
The promoters bought 4,80,00,000 shares and increased their stake to 53.86 per cent in October 2024 compared to 47.01 per cent in September 2024. From Rs 2.89 to Rs 16.59 per share, the stock gave multibagger returns of 474 per cent in 3 years and a whopping 888 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.