This multibagger small-cap stock reached its new 52-week high after it announced robust Q1FY24 results!
The company has delivered exceptional returns of 167 per cent over the past year and stellar returns of 373 per cent over the past 3 years.
Kingfa Science & Technology (India) Limited, a subsidiary of M/s Kingfa Science & Technology Co. Ltd China, is involved in manufacturing and supplying top-notch modified plastic compounds. Their products cater to various industries, including automotive and consumer goods, as well as personal protective equipment like masks and gloves.
Kingfa Science & Technology (India) Ltd recently announced their Q1FY24 results in which sales of the company declined by 2 per cent and stood at Rs 339 crore as compared to Q1FY23, while operating profit of the company surged by 525 per cent to Rs 50 crore as compared to Q1FY23. Similarly, net profit of the company grew significantly by 1,650 per cent and stood at Rs 35 crore as against to Q1FY23. Furthermore, the company has been able to grow its sales by 24 per cent (CAGR) over the past 3 years and net profit has grown by 49 per cent (CAGR) over the same period.
DSIJ offers a service 'Tiny Treasure' with recommendations for Small-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
The company has delivered exceptional returns of 167 per cent over the past year and stellar returns of 373 per cent over the past 3 years. Moreover, the company has a ROCE of 24.7 per cent and a ROE of 19.1 per cent.
On Monday, shares of the company surged by more than 7 per cent and traded at its new 52-week high of Rs 2,595.05.
Investors should keep a close eye on this buzzing stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Related articles
-
President of India-backed multibagger defence telecom equipment company to showcase its capabilities at Strategic Electronics Summit 2024
-
3:1 Bonus Share: Multibagger Penny Stock at Rs 19.22 Hit Upper Circuit with Heavy Volume as Company Announces Business Expansion
-
750 per cent returns: Multibagger steel tubes and pipes manufacturers achieved highest ever sales volume in Q1FY25 of 1,22,155-MT; up 45 per cent YoY
-
Vijay Kedia-backed multibagger façade systems company bags new order worth Rs 45,17,00,000 from K. Raheja Corp Private Limited
-
LIC-backed multibagger penny stock at Rs 73.30: Promoters bought 15,00,00,000 shares & non-promoters bought 33,13,42,500 shares aggregating to Rs 2,705.14 crore!