3,600 per cent returns: This multibagger micro-cap company receives order worth Rs 30.63 crore from CMK Projects Pvt Ltd!
The stock is up by 500 per cent in just 6 months.
W S Industries (India) Ltd informed that the company has bagged an order for the construction of rail over a bridge near Maris Theater in Tiruchirappalli City Corporation, Tamil Nadu, approximately valued at Rs 30.63 crore (inclusive of GST) from CMK Projects Private Limited.
On Friday at the closing bell, shares of W S Industries (India) Ltd gained 0.84 per cent to Rs 107.8 per share with an intraday high of Rs 108.65 and an intraday low of Rs 107.8. The stock gave multibagger returns of 3,600 per cent in just 1 year whereas BSE Sensex Index is up by 68 per cent.
Incorporated in 1961, WS Industries (India) Ltd deals in electro-porcelain products and turnkey projects. The company has a market cap of Rs 490 crore with a 5-year stock price CAGR of 85 per cent. The company have various clients including Central Power Research Institute, Power Grid Corporation of India, Maharashtra State Electricity Transmission, Rajasthan State Electricity Board, Kalpataru Projects International, Larsen & Toubro Ltd, Avantgarde-Engineers, etc.
According to the Quarterly Results, the net sales skyrocketed 209 times to Rs 45.83 crore in Q1FY24 compared to Rs 0.22 crore in Q1FY23. The company reported a net profit of Rs 4.97 crore in Q1FY24. In the annual results (FY23), the company reported net sales of Rs 80 crore and net profit of Rs 20 crore.
The stock is up by 500 per cent in just 6 months and over 650 per cent in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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