263 Per Cent Multibagger Returns from 52-Week Low; Board Approves 1:1 Bonus Shares and Re 0.10 Per Share Dividend
The stock gave multibagger returns of 263 per cent from its 52-week low of Rs 286 per share and a whopping 7,350 per cent in 5 years.
On Thursday, shares of Meghna Infracon Infrastructure Limited (Formerly known as Naysaa Securities Limited) surged 3.25 per cent to an intraday high of Rs 1.039 per share from its previous closing of Rs 1,006.35 per share.
Meghna Infracon Infrastructure Limited (Script Code-538668) is headquartered in Mumbai, with having business of real estate development. MIIL Group has delivered multiple Residential projects in Mumbai and is recognised for its superior quality construction and timely project delivery. The Company has extensive experience in construction management and has inherent skills and resources to develop and deliver Real estate projects.
According to Quarterly Results, the net sales increased by 19 per cent to Rs 12.12 crore and net profit increased by 616 per cent to Rs 4.15 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales decreased by 25 per cent to Rs 39.88 crore and net profit increased by 209 per cent to Rs 9.79 crore in FY25 compared to FY24.
Additionally, the company declared a 1:1 bonus issue of Rs. 10/- equity shares, utilising Rs 10,86,18,750 from free reserves, doubling the paid-up capital to Rs 21,72,37,500. An interim dividend of Rs 0.10 per share was also recommended for FY25, with May 30, 2025, as the record date.
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Recently, the company launched "Shree Pranam," a new luxury residential project in Model Town, Lokhandwala, Andheri (West), Mumbai, with a Bhoomi Poojan on May 31, 2025. This project marks MIIL's strategic expansion into Mumbai's premium real estate market, leveraging a prime location with excellent connectivity. Due to recent government policy changes, the estimated sales potential for "Shree Pranam" has increased significantly from Rs 400 million to over Rs 600 million, promising enhanced revenue for MIIL GROUP.
The company has a market cap of over Rs 1,100 crore and working capital requirements have reduced from 229 days to 91.7 days. The shares of the company have an ROE of 27 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of 263 per cent from its 52-week low of Rs 286 per share and a whopping 7,350 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.