Triple-digit ROE and ROCE: Back-to-back upper circuit stock; heavy volumes, this water supply company posted highest ever revenue and profit, PAT surged by 700 per cent!

The shares of the company have delivered a return of over 25 per cent to its shareholders in the past month.

This micro-cap company is engaged in road construction, sewerage, and water supply projects in Madhya Pradesh. It has undertaken various projects as a registered contractor for central and state government entities such as ISCDL, IMC, USCL, UMC, and MPJNM, and has also completed construction works for the private sector. It was incorporated in 2019.

At the start of the day's trading session, the stock opened at Rs 254.10 per share, compared to the previous day's closing figure of Rs 242 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 254.10 per share on the BSE. The stock has reached the upper circuit price limit of 5 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalisation of Teerth Gopicon stands at Rs 305 crore, and the stock has generated an impressive multibagger return of around 130 per cent compared to the final IPO price of Rs 111 per share.

As per the Quarterly Results in Q4 FY24, the company reported a revenue of Rs 68 crore compared to a revenue of Rs 11 crore. The company’s operating profit reached Rs 13 crore compared to a profit of Rs 2 crore in Q4 FY23. The operating margin stood at 19 per cent. The net profit of the company was Rs 8 crore in Q4 FY24 compared to a net profit of Rs 1 crore.

Turning attention to the annual performance of the company, it reported a revenue of Rs 105 crore, compared to Rs 39 crore in FY23. The company reported an operating profit of Rs 18 crore. The company’s profit was Rs 12 crore in FY24.

According to the shareholding pattern, the promoters of the company hold 64.34 per cent while FIIs and DIIs hold 0.27 per cent and 0.96 per cent and the remaining 34.43 per cent is held by the public or retail investors.

Investors must keep this micro-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.