52-week High Alert: Shares of this multibagger small-cap company surged over 17 per cent on outstanding results!

Kiran Shroff
/ Categories: Trending, Mindshare
52-week High Alert: Shares of this multibagger small-cap company surged over 17 per cent on outstanding results!

The stock has provided multibagger returns of 138.33 per cent in just one year, while the BSE Small-cap index has risen by 18.50 per cent.

Kingfa Science & Technology (India) Ltd, a global leader in modified plastics used in automotive and consumer products has announced its Quarterly Results and annual results for the year ended March 31, 2023. Details below:

Financial Highlights for the Q4FY23: 

Total Revenue stood at Rs 366.19 crore, up 20.18 per cent over Q4FY22. 

Operating profit stood at Rs 55.32 crore, up 219.47 per cent over Q4FY22.  

Profit After Tax of Rs 36.62 crore, up 815.45 per cent over Q4FY22.  

The EPS for Q4FY23 stood at Rs 30.24.  

Financial Highlights for FY23:  

Total Revenue stood at Rs 1,403.70 crore, up 33.95 per cent over FY22.  

Operating profit stood at Rs 130.26 crore, up 57.23 per cent over FY22.

Profit After Tax stood at Rs 81.41 crore, up 30.63 per cent over FY22.

The EPS for FY23 stood at Rs 67.22.

 

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On Thursday, one of the Top Gainers on the BSE, shares of Kingfa Science & Technology surged by 17.25 per cent, reaching a new 52-week high of Rs 2,172 per share, compared to its previous closing of Rs 1,852.40. At the closing bell, the company's shares ended the day in the green, rising by 9.96 per cent to Rs 2,036.95 per share.

Kingfa Science & Technology (India) Limited, a subsidiary of Kingfa Science & Technology Company Ltd in China, is engaged in manufacturing and supplying high-quality modified plastic compounds for automotive and consumer products, as well as personal protective equipment such as masks and gloves.

Kingfa Science has a market cap of over Rs 2,400 crore, with a 3-year CAGR of 69 per cent. The company is almost debt-free. The shares of the company witnessed heavy buying activity, with a surge in volume of more than 5.72 times on the BSE.

The stock has provided multibagger returns of 138.33 per cent in just one year, while the BSE Small-cap index has risen by 18.50 per cent. Investors should keep a close watch on this stock.

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