Penny Stock Below Re 1 Hit 20 Per Cent Upper Circuit With Heavy Volume After Reporting Turnaround Net Profit

The shares of the company saw a spurt in volume by more than 7 times on the BSE.

On Friday, shares of IFL Enterprises Ltd hit a 20 per cent upper circuit to Re 0.99 per share from its previous closing of Re 0.83 per share with an intraday high of Re 0.99 per share and an intraday low of Re 0.81 per share. The stock’s 52-week high is Rs 1.82 per share and its 52-week low is Re 0.59 per share. The shares of the company saw a spurt in volume by more than 7 times on the BSE.

Incorporated in 2009, IFL Enterprises Ltd operates primarily in the trading of fabric and related products, as well as shares and securities. The company's business overview highlights its involvement in the acquisition and trading of shares, stocks, and bonds, alongside a diverse range of paper and stationery items. Specifically, IFL Enterprises Ltd trades in various paper products such as writing paper, coated paper, A/4 paper, Hi Bright, copier paper, duplex board, art and craft paper, and notebooks.

According to Quarterly Results, the net sales increased by 3,525 per cent to Rs 72.13 crore in Q4FY25 compared to net sales of Rs 1.99 crore in Q4FY24. The company reported net profit of Rs 3.04 crore in Q4FY24 compared to a net loss of Rs 0.68 crore in Q4FY24, an increase of 547 per cent. In FY25, the net sales increased by 1,362 per cent to Rs 120.61s crore and net profit increased by 236 per cent to Rs 2.86 crore compared to FY24.

IFL Enterprises has a market cap of Rs 73.53 crore and working capital requirements have reduced from 735 days to 70.3 days with debtor days having improved from 146 to 15.8 days. The stock is up by 68 per cent from its 52-week low of Re 0.59 per share and has given multibagger returns of 400 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.