Stock below Rs 25: Watch out for this multi-bagger manufacturing stock, which will increase its revenue by 30 per cent!
The stock delivered a multi-bagger return of 112 per cent in just six months, while the BSE Sensex gained only 19 per cent.
Today, the shares of Tirupati Forge Ltd are trading at Rs 23 apiece, down by 0.45 per cent. Recently, the corporation was awarded an order which will directly affect its revenue. USA’s top leading company has placed large orders for flanges, forged fittings and other components. The order will increase the company's sales by approximately 30 per cent.
According to the financial statement, the company reported positive quarterly and annual results. The company’s annual consolidated financial result, with net sales increasing by 187 per cent in FY23 compared to FY22. In FY23, operating income increased by 305 per cent. In FY22, net profit was only Rs 0.39 crore; in FY23, it skyrocketed by 1480 per cent to Rs 6.22 crore.
Tirupati Forge has engaged in the business of manufacturing carbon steel forged flanges, forged components and other automotive components. As of FY23, the company had an ROE of 26.16 per cent and a ROCE of 28.43 per cent, with a CAGR of 97 per cent in 1 year.
The stock delivered a multi-bagger return of 112 per cent in just six months, while the BSE Sensex gained only 19 per cent. In addition, the stock has gained 93 per cent year to date. Investors should keep this stock under their watch.