Low PE multibagger stock: This small-cap company received order amounting to Rs 96.39 crore!
Over the past year, the stock has seen a notable surge of 66.22 per cent, while over the past three years, investors have enjoyed a return of 581.27 per cent.
Surya Roshni informed both the exchanges (BSE & NSE) informed that it has obtained total order amounting to Rs 96.39 crore (including GST) for the supply of 3LPE Coated steel pipes from Hindustan Petroleum Corporation Limited (HPCL) for City Gas Distribution (CGD) projects in three geographical areas in the State of Rajasthan, Bihar, Jharkhand and West Bengal.
Today, shares of Surya Roshni surged 6.26 per cent to Rs 698.30 per share from its previous closing of Rs 657.20. The stock is close to its 52-week high of Rs 741.25 and has a 52-week low of Rs 336.05.
Surya Roshni Limited incorporated in 1973 has emerged as India’s largest ERW Pipes exporter, largest GI Pipes producer and the second largest in the lighting segment. Today, shares of the company saw a spurt in volume by more than 1.30 times on BSE.
Talking about the financials, this capital goods company has a market cap of Rs 3,777 crore. The company reported positive numbers in Quarterly Results and annual results. In Q3FY23, net profit skyrocketed 125 per cent compared to Q3FY22. In FY22, net sales and net profit rose over 30 per cent each compared to FY21.
Over the past year, the stock has seen a notable surge of 66.22 per cent, while over the past three years, investors have enjoyed a return of 581.27 per cent. Currently, the stock is trading with a PE of 13.64x. Investors should keep an eye on this multibagger Small-Cap stock.