Upper circuit alert: Mukul Agrawal and Ashish Kacholia's micro-cap multibagger stock achieves its highest-ever profit with strong order visibility and repeated orders!

Set an ambitious target of achieving a 25 per cent year-on-year growth over the next four years. This growth is expected to be driven by enhanced margins each year, facilitated by operational efficiencies

Indian markets witnessed a robust start to Tuesday's session, with Nifty and Sensex registering gains of 0.39 per cent and 0.37 per cent, respectively. Except for Nifty PSU Bank and Nifty FMCG, all other sectoral indices recorded positive movements, notably Nifty Metal, which surged by 1.5 per cent.

In the broader indices, Nifty Mid-Cap traded nearly flat, while Nifty Small-Cap experienced profit booking, leading to a 0.18 per cent decline. The advance-decline ratio strongly favored the bulls in this market scenario.

Against this backdrop, one micro-cap stock has captured the attention of investors on D-Street—Dhabriay Plywood Ltd. This stock is currently locked at the upper circuit limit of 5 per cent, and over the past year, it has exhibited an impressive jump of more than 175 per cent, classifying it as a multibagger stock. Notably, notable investors such as Ashish Kacholia and Mukul Agrawal hold stakes in the company, with ownership percentages of 6.43 per cent and 4.68 per cent, respectively.

The company recently released its earnings report, revealing remarkable figures for H1 and Q2 FY24. The H1FY24 net profit witnessed a staggering surge of 140 per cent, marking the highest ever reported for this period. Similarly, the Q2FY24 net profit showed a substantial increase of nearly 68 per cent, reaching the highest-ever numbers recorded for this quarter.

One striking aspect is the company's secured repeat orders from prominent players in the real estate sector, including DLF, Mahindra, and Shapoorji Pallonji. With orders totaling more than Rs 120 crore in hand, the company is poised for further growth. Looking ahead, Dhabriay Plywood Ltd. has set an ambitious target of achieving a 25 per cent year-on-year growth over the next four years. This growth is expected to be driven by enhanced margins each year, facilitated by operational efficiencies, new product launches, and an expanded geographical presence, ultimately resulting in a substantial increase in Return on Capital Employed (ROCE).

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