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.
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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.