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Multibagger penny stock under Rs 5: This micro-cap company announces debt reduction programme; target to become debt free in FY24!
Multibagger penny stock under Rs 5: This micro-cap company announces debt reduction programme; target to become debt free in FY24!

Multibagger penny stock under Rs 5: This micro-cap company announces debt reduction programme; target to become debt free in FY24!

The net sales increased by 61.20 per cent to Rs 403 crore and net profit skyrocketed by 900 per cent to Rs 10 in FY23 compared to FY22.

Kiran Shroff Article rating: 3.7

According to the financials, Vikas EcoTech has a market cap of Rs 377 crore. The company reported excellent numbers in its quarterly results and annual results. The net sales increased by 61.20 per cent to Rs 403 crore and net profit skyrocketed by 900 per cent to Rs 10 in FY23 compared to FY22

Back-to-back 52-week high: This small-cap multibagger stock becomes debt-free; makes prepayment of a loan worth Rs 234 crore!
Back-to-back 52-week high: This small-cap multibagger stock becomes debt-free; makes prepayment of a loan worth Rs 234 crore!

Back-to-back 52-week high: This small-cap multibagger stock becomes debt-free; makes prepayment of a loan worth Rs 234 crore!

This Industrial Products stock has given multibagger returns of more than 350 per cent in just 3 years

Vaishnavi Chauhan Article rating: 5.0

Given its large order book and excellent cash position, the company paid down its debt totally through internal accruals.  

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