3,513 per cent returns: This small-cap multibagger company receives an order worth Rs 107 crore!

3,513 per cent returns: This small-cap multibagger company receives an order worth Rs 107 crore!

Kiran Shroff
/ Categories: Trending, Mindshare

The shares of the company saw a spurt in volume by more than 3.66 times on BSE.

Tinna Rubber and Infrastructure Limited (BSE: 530475), India’s largest integrated waste tyre recycler, has been awarded a 2-year contract for the supply of crumb rubber modifier (CRM) on a rate contract basis by Indian Oil Corporation Limited for their plants at Mathura and Haldia for a total value of Rs 107.50 crore which is over 50 per cent growth in total value from a previous contract.  

Today, shares of Tinna Rubber and Infrastructure zoomed 6.66 per cent to an intraday high of Rs 494.95 per share from its previous closing of Rs 464.05. At the closing bell, shares of the company were in green, up 2.73 per cent to Rs 476.70 per share.  

 

DSIJ offers a product 'multibagger Pick" with recommendations for multi-bagger stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here

 

Talking about the financials, Tinna Rubber and Infra has a market cap of Rs 410 crore.  The company reported amazing numbers in its Quarterly Results and annual results. In FY22, net sales jumped 83 per cent and net profit skyrocketed 1,700 per cent over FY21. The company has also delivered good profit growth of 30.7 per cent CAGR over the last 5 years.  

The shares of the company have a PE of 20x, a ROE of 24 per cent and a ROCE of 25 per cent. The stock gave multibagger returns of 3,513 per cent over a period of 3 years whereas BSE Small-Cap Index is up just up by 40 per cent.   

The shares of the company saw a spurt in volume by more than 3.66 times on BSE. Investors should keep an eye on this stock under their watchlist.  

Previous Article Multibagger penny stock below Rs 10: Micro-cap marvel achieves back-to-back 30 upper circuit triumphs!
Next Article Explosive profit surge: Micro-cap stock skyrockets on 165 per cent growth, triggers upper circuit!
Rate this article:
3.9

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR