1,500% return in three years and now 19% jump in net profit, do you own this stock? – 1,500 percent returns in 3 years This small-cap multibagger stock reports a 19 percent jump in net profit
[ad_1]
He said that due to the reduction in the cost of raw material, there has been a slight decline in the revenue of the company. Expecting a positive trend going forward, he said demand and volumes could pick up in the second quarter. The company expects a rise in volumes and profitability in this financial year. Pitti Engineering recently announced the results for the first quarter of the financial year 2024. During this period, the company’s sales have declined by 6.5 percent and stood at Rs 290.7 crore. The company’s Ebitda increased by 19.7 percent to Rs 42.4 crore as compared to the same quarter last year.
Similarly, the net profit of the company also increased by 19.3 per cent to Rs 13.97 crore. In the last three years, the company’s sales have grown at a CAGR of 28% while the net profit has grown at a CAGR of 51%. The company has given more than 55% returns in the last one year, while in three years its returns have increased by 1,501%. Not only this, the company’s RoCE is 18.2% and ROE is 19%. On Friday, the company’s shares gained 2.2 per cent and went up to Rs 506.65 during trading. Investors should keep a close watch on this trending stock.
This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.
(Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified. .)
[ad_2]
Source link
