Under Rs 100: 1:1 Bonus Issue; Multibagger NBFC Stock Hits Upper Circuit; Promoter Bought 11,25,000 Shares in June 2024

Rakesh Deshmukh
Under Rs 100: 1:1 Bonus Issue; Multibagger NBFC Stock Hits Upper Circuit; Promoter Bought 11,25,000 Shares in June 2024

The company’s shares have delivered a return of around 160 per cent to its shareholders in just 1 year.

This Small-Cap Non-Deposit Taking Non-Banking Financial Company has a registered office in Delhi and its head office in Agra. The company offers a variety of financial products including Business Loans, SME & MSME Loans, and Income Generation Loans tailored for business and self-employment ventures. Today, the company experienced a significant surge in its share price. Paisalo Digital Ltd was incorporated in 1992.

At the start of the day's trading session, the stock opened at Rs 63.60 per share, compared to the previous day's closing figure of Rs 63.55 per share on the BSE. Finally, it closed the day at Rs 68.73 representing a surge of 8.15 per cent. Moreover, it touched the upper circuit today. The current market capitalization of Paisalo Digital Ltd stands at Rs 6172.26 crore, and the stock has generated an impressive multibagger return of around 160 per cent in just 1 year.

In March, the company announced a 1:1 bonus issue following bonus share issuance in the year 2010. Additionally, the company's stock underwent a 10:1 stock split in June 2022.

Also read Under Rs 150: Marine and Defence Company Secures Contract Worth Rs 20,82,00,000 for LT and HT Panels; Stock Hits Upper Circuit Today!

As per the Quarterly Results, in the fourth quarter of FY24, the company recorded a revenue of Rs 195 crore. The operating profit for Q4 FY24 stood at Rs 50 crore, resulting an operating profit margin of 26 per cent. The net profit for Q4 FY24 was Rs 37 crore. Looking at the annual performance, the company generated a revenue of Rs 659 crore in FY24, compared to Rs 471 crore in FY23. The operating profit for FY24 was Rs 244 crore, with a net profit of Rs 179 crore.

Regarding the shareholding pattern, the promoters own 50.38 per cent of the company, while FIIs and DIIs collectively 15.06 per cent and 12.88 per cent, respectively. Public or retail investors hold the remaining 21.68 per cent.

Investors must keep this small-cap multibagger stock on their radar.

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

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

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