Low PE, High ROE & ROCE stock: This small-cap company reports a 333 per cent jump in net profit; do you own it?
Low PE, High ROE & ROCE stock: This small-cap company reports a 333 per cent jump in net profit; do you own it?

Low PE, High ROE & ROCE stock: This small-cap company reports a 333 per cent jump in net profit; do you own it?

The shares of the company have a PE of 25.8x whereas the industry PE is 42.3x with an ROE of 30 per cent and a ROCE of 25 per cent.

Kiran Shroff Article rating: 4.1

According to the annual results, the net sales increased by 7 per cent to Rs 3,125.55 crore and the net profit increased by 24.46 per cent to Rs 137.32 crore in FY23 compared to FY22.

Low PE, high ROE & ROCE stock: This micro-cap company receives multiple orders worth Rs 21.93 crore
Low PE, high ROE & ROCE stock: This micro-cap company receives multiple orders worth Rs 21.93 crore

Low PE, high ROE & ROCE stock: This micro-cap company receives multiple orders worth Rs 21.93 crore

The shares of the company have a PE of 16.8x, an ROE of 48.9 per cent and a ROCE of 62.1 per cent.

Kiran Shroff Article rating: 3.4

The company has a very strong financial position, with very little debt. Its current debt of Rs 0.64 crore is only 0.5 per cent of its market capitalization, which means that the company is essentially debt-free. Additionally, the company reported positive numbers in its half-yearly results and annual results.

 

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