Penny stock at Rs 23.15: This micro-cap company is expanding more into textile industry and acquired 37.72 per cent stake of Chiripal Textile Mills Pvt Ltd
Penny stock at Rs 23.15: This micro-cap company is expanding more into textile industry and acquired 37.72 per cent stake of Chiripal Textile Mills Pvt Ltd

Penny stock at Rs 23.15: This micro-cap company is expanding more into textile industry and acquired 37.72 per cent stake of Chiripal Textile Mills Pvt Ltd

The shares of the company have a PE of 17.5x, an ROE of 15 per cent and an ROCE of 15 per cent.

Kiran Shroff Article rating: 4.1

The company has a market cap of over Rs 400 crore and has delivered good profit growth of 26.8 per cent CAGR over the last 5 years.

Denim major Vishal Fabrics reports strong Q4FY22 results!
Denim major Vishal Fabrics reports strong Q4FY22 results!

Denim major Vishal Fabrics reports strong Q4FY22 results!

Net profit after tax for FY22 stood at Rs 69 crore as compared to Rs 18 crore for FY21, recording a robust growth of 281 per cent. 

Armaan Madhani Article rating: 4.3

The company targets to reduce debt by Rs 35 crore-Rs 40 crore in FY23, out of which, Rs 9 crore has already been paid in April 2022. 

 

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