Turnaround Story & FIIs Bought 75,59,884 Shares: Low PE & High ROE Multibagger Penny Stock Under Rs 30 In Green After Stellar Results

The shares of the company have a PE of 2x and an ROE of 100 per cent.

Today, the Indian stock market was trading in green with the BSE Sensex Index up by 1.21 per cent and the NSE Nifty-50 Index up by 1.20 per cent. Along with the market in green, a multibagger penny stock gained 4.50 per cent to Rs 28.32 per share.

The buzzing stock name is Vipul Ltd.

Vipul Ltd, a prominent real estate company established in 1991, is part of the esteemed Vipul Group. With a strong track record, the company has delivered over 10 million square feet of properties to 7,000+ satisfied customers, primarily in Gurugram. Their diverse portfolio includes residential projects like Tatvam Villas and Vipul Greens, and commercial spaces like Vipul Business Park and Vipul Plaza. Expanding its reach, Vipul Ltd has undertaken projects in Bhubaneswar, Ludhiana, Dharuhera, Bawal, and Faridabad.]

According to Quarterly Results, the net sales increased by 110 per cent to Rs 15.70 crore in Q2FY25 compared to net sales of Rs 7.47 crore in Q2FY24. The company reported net profit of Rs 1.11 crore in Q2FY25 compared to net loss of Rs 17.09 crore in Q2FY24, an increase of 106 per cent. Looking at the half-yearly results, the net sales increased by 132 per cent to Rs 31.56 crore in H1FY25 compared to net sales of Rs 13.58 crore in H1FY24. The company reported net profit of Rs 2.88 crore in H1FY25 compared to net loss of Rs 32.41 crore in H1FY24, an increase of 109 per cent.

In the September 2024 quarter, FIIs bought 75,59,884 shares and increased their stake to 7.23 per cent compared to 1.87 per cent in the June 2024 quarter. The company has a market cap of Rs 400 crore and has delivered good profit growth of 188 per cent CAGR over the last 5 years. The shares of the company have a PE of 2x and an ROE of 100 per cent. The stock is up by 87.6 per cent from its 52-week low of Rs 15.10 per share. Investors should keep an eye on this low PE & high ROE penny stock under the radar.

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