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2,300 per cent returns: This multibagger small-cap company enters into a joint venture for vessel operations!
2,300 per cent returns: This multibagger small-cap company enters into a joint venture for vessel operations!

2,300 per cent returns: This multibagger small-cap company enters into a joint venture for vessel operations!

The shares of the company have a PE of 17.10x, a ROE of 41.90 per cent and a ROCE of 28.10 per cent.

Kiran Shroff Article rating: 4.1

According to the financials, the company reported excellent numbers in its quarterly results and annual results. The net sales increased by 30.37 per cent to Rs 837 crore and net profit increased by 86.21 per cent to Rs 54 crore in FY23 compared to FY22.

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