Morepen Laboratories share jumped due to excellent result, know how much return the company has given so far – morepen laboratories share up due to good result
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Morpan also has a strong global presence. The company exports to more than 75 countries. The company holds certificates from regulatory authorities such as USFDA, WHO GMP and EU GMP. Domestically, the Dr. Morepan and Gubb World brands offer a wide range of healthcare, grooming and OTC items. The company is trusted by more than 10 crore consumers.
Morepen Laboratories has recently announced its excellent Q1FY24 results. The company’s sales rose 32% to Rs 401 crore in the June quarter from Tunla a year ago. While the operating profit of the company increased by 73% to Rs 26 crore. Similarly, the net profit of the company increased by 150% to Rs.15 crores. Furthermore, the company has managed to grow its sales by 19% (CAGR) for the last 5 years and the net profit grew by 6% (CAGR) for the same period.
The company has given a return of 3.4% in last one year and 53% in last 3 years. Moreover, the company has a ROCE of 8.56% and an ROE of 5.93%. Investors can keep an eye on this stock.
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