Low PE high ROE multibagger stock: This mid-cap company has successfully commissioned 100 TPD Sorbitol Unit!
The stock has a PE of 13.06x whereas the industry PE is 33.2x with an ROE of 25.19 per cent.
GAEL informed that the company has successfully commissioned a 100 TPD Sorbitol Unit at their existing unit in Sitarganj, Uttarakhand taking the Sorbitol Manufacturing Capacity to 220 TPD at Sitarganj. With this, the company became the largest Sorbitol Manufacturer in India with a cumulative capacity of 400 TPD at 3 locations.
On Friday, shares of Gujarat Ambuja Exports Ltd plunged 1.57 per cent to Rs 232.05 per share from its previous closing of Rs 235.75. The stock has a 52-week high of Rs 393.85 and a 52-week low of Rs 215.55.
Gujarat Ambuja Exports Ltd is engaged in the manufacturing of corn starch derivatives, soya derivatives, feed ingredients, cotton yarn and edible oils.
Talking about the financials, GAEL has a market cap of Rs 5,321.73 crore with 3 years CAGR of 67 per cent. The company reported positive numbers in its Quarterly Results and annual results. In FY22, net sales rose by 2 per cent and net profit rose by 40.53 per cent compared to FY21.
The stock has a PE of 13.06x whereas the industry PE is 33.2x with an ROE of 25.19 per cent. The stock is up by 344 per cent in just 3 years. Investors should keep this Mid-Cap multibagger stock under the radar.