Multibagger penny stock under Rs 15: Nomura Singapore Ltd ODI hikes stake in this small-cap company, share jumps over 3 per cent!
The stock gave multibagger returns of 123 per cent in just 2 years and over 250 per cent returns in 3 years.
Mishtann Foods Ltd (BSE Scrip Code: 539594), one of India's leading FMCG company with a primary focus on various types of Basmati rice, announced that Nomura Singapore Ltd ODI increases its shareholding to over 2 per cent of total share capital. Nomura Singapore Ltd ODI has hiked its stake in Mishtann Foods Ltd from 1.28 per cent (1,28,25,854 shares) to 2.19 per cent (2,18,82,762 shares).
On Friday, shares of Mishtaan Foods Ltd surged 3.35 per cent to an intraday high of Rs 14 per share from its previous closing of Rs 13.55. The stock has a 52-week high of Rs 14.79 and a 52-week low of Rs 7.09.
Consolidated Financial Performance Comparison - Q1FY24 vs Q1FY23.
- Revenue from Operations grew by 85.73 per cent from Rs 158.26 crore in Q1FY23 to Rs 293.94 crore in Q1FY24 primarily driven by robust demand for various products in the domestic and international markets.
- EBITDA skyrocketed by 298.84 per cent from Rs 18.24 crore in Q1FY23 to Rs 72.75 crore in Q1FY24.
- PAT skyrocketed by 525.31 per cent from Rs 11.02 crore in Q1FY23 to Rs 68.91 crore in Q1FY24.
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According to the annual results, net sales increased by 90.33 per cent to Rs 490.51 crore and net profit skyrocketed by 395.97 per cent to Rs 5.79 crore in FY23 over FY22. In the last financial year, the company declared bonus shares in the ratio 1:1 and a dividend of Rs 0.0010 per share for a face value of Rs 1. The ex-bonus date was June 02, 2022 and the ex-dividend date was September 09, 2022.
The company has reduced its debt and delivered good profit growth of 49 per cent CAGR over the last 5 years. The stock has a ROE of 39.70 per cent and a ROCE of 46.40 per cent. The stock gave multibagger returns of 123 per cent in just 2 years and over 250 per cent returns in 3 years.
This FMCG Small-Cap stock should be kept under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.