480 per cent returns: This small-cap company reports robust Q1FY24 results!

On Tuesday, shares of the company surged by more than 4 per cent and made an intraday high of Rs 965.

Globus Spirits Limited is primarily focused on the production and distribution of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol hand sanitizer, and Franchise Bottling. Its distinctive 360-degree model covers the complete alcohol value chain, and it holds the distinction of being the first to establish a grain distillery and introduce branded DDGS in India.

Globus Spirits Ltd recently announced their Q1FY24 results in which sales of the company surged by 15.1 per cent and stood at Rs 570.1 crore as compared to Q1FY23, while EBITDA of the company grew by 5.5 per cent to Rs 74.2 crore as against to Q1FY23. Similarly, net profit of the company has grown by 4 per cent and stood at Rs 38.8 crore as compared to Q1FY23. Furthermore, the company has been able to grow its sale by 12 per cent (CAGR) for the past 5 years and net profit has grown by 7 per cent (CAGR) for the same period.

The company has delivered returns of 5.5 per cent over the past year and stellar returns of 489 per cent over the past 3 years. Additionally, the company has a ROCE of 31.5 per cent and a ROE of 27.3 per cent.

On Tuesday, shares of the company surged by more than 4 per cent and made an intraday high of Rs 965.

Investors should keep a close eye on this buzzing stock.

Disclaimer: The article is for informational purposes only and not investment advice.