Shri Gang Industries and Allied Products Ltd is engaged in the production and sale of Edible Oils and Liquor. The company holds the exclusive responsibility for manufacturing popular and prestigious brands of IMFL (Indian Made Foreign Liquor) exclusively for United Spirits Ltd.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 121.21 points or 0.19 per cent.

During the present fiscal year, the company underwent a stock split, reducing its face value from Rs 10 to Rs 1. The company traded ex-stock split on May 05, 2023.

Shares of this company have gained more than 100 per cent in the last one year.    

According to the consolidated quarterly results (Q4FY23), the total revenue stood at Rs 2,053.87 crore, up 26.65 per cent over Q4FY22. The PBT stood at Rs 127.35 crore, up 128.47 per cent over Q4FY22.  The Profit After Tax stood at Rs 130.91 crore, up 119.60 per cent over Q4FY22. The EPS for Q4FY23 stood at Rs 1.05. 

The stock gave multibagger returns of 210 per cent in just 2 years whereas BSE Small-Cap Index is up by 28.85 per cent.

Board recommends a dividend of Rs 0.65 per equity share. 

According to the financials, the company reported excellent numbers in its quarterly results and annual results. The net sales increased by 173.84 per cent and the net profit increased by 26.92 per cent in Q4FY23 over Q4FY22. In FY23, net sales increased by 103.11 per cent and net profit increased by 38.77 per cent over FY22.

The stock has a ROE of 67.80 per cent and a ROCE of 41.50 per cent.

The stock has gained more than 100 per cent in just one year.