Multibagger Microcap Company Bags Order Worth Rs 21,14,498 from Leading Smart Meter Companies for Supply of EPDM Rubber Gaskets – Stock Hits Upper Circuit Today!
The company’s shares have delivered a multibagger return of over 330 per cent in just 1 year.
Gayatri Rubbers and Chemicals Ltd, a manufacturer and trader of rubber profiles, aluminum rubber profiles, automobile rubber profiles, rubber compounds, various rubber components, and clear PVC profiles, has received work orders/letters of award worth Rs 21,14,498.54 (inclusive of taxes) from leading smart meter companies. The order is for the supply of EPDM Rubber Gaskets and will be executed according to the terms and conditions outlined in the letter of award (LoA)/work orders, as part of the company’s regular business operations.
On Monday, the shares of Gayatri Rubbers and Chemicals Ltd rallied and hit the upper circuit and finally closed the day at around Rs 427.65 per share on the NSE. The company’s current market capitalization stands at Rs 245.39 crore. Additionally, the shares have delivered over 330 per cent multibagger return in the past 1 year.
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The company doesn’t declare Quarterly Results, as per the half yearly results in March FY24, Gayatri Rubbers and Chemicals Ltd recorded a revenue of Rs 13.63 crore compared to Rs 10.91 crore. The operating profit stood at Rs 1.71 crore. The net profit stood at Rs 0.95 crore compared to a profit of Rs 0.55 crore. Looking at the annual performance, the company generated a revenue of Rs 24.41 crore in FY24. The operating profit for FY24 was Rs 2.73 crore with an operating profit margin of 11.18 per cent with a profit of Rs 1.56 crore.
According to the shareholding pattern of the company, the promoters hold a 73.37 per cent stake while public investors own 26.63 per cent of the shares.
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Disclaimer: The article is for informational purposes only and not investment advice.