This micro-cap multibagger stock hit an all-time high on June 8!

This micro-cap multibagger stock hit an all-time high on June 8!

by 5paisa Research Team Last Updated: Dec 14, 2022 - 12:22 am 25.7k Views

In the last 8 quarters, the company’s sales have grown over 400%, whereas the net profit has turned around from a loss of Rs 5.3 crore in the June 2020 quarter to a profit of Rs 1.6 crore in the recent quarter March 2022.

Indrayani Biotech Limited (IBL), a micro-cap company which works in business aggregation, has generated multibagger returns for its investors in the last couple of years. Indrayani Biotech Limited is diversified into the following segments- Biotech, Food & Hospitality, Infrastructure, Agro, Engineering and Healthcare. It is continuously working on developing and implementing unique & innovative business models.

An investment of Rs 1 lakh in this company’s shares last year would have turned to Rs 3.6 lakh today, whereas, the same amount invested two years ago would have turned to Rs 4.9 lakh today. In contrast, S&P BSE Sensex climbed only 5.4% in the last 1 year and 60.3% in the last 2 years.

Today, the company’s share price rallied to Rs 41.20 on BSE, registering a fresh 52-week high, which is also its all-time high on the bourses. Its 52-week low stands at Rs 8.42. Looking at the recent developments, on 2nd June 2022, two of the company's wholly-owned subsidiary companies- “IBL Healthcare Private Limited” and “HSL Agri Solutions Private Limited” got converted into Public Limited. Post conversion, the two companies are now renamed as “IBL Healthcare Limited” and “HSL Agri Solutions Limited,” respectively.

Last week, the company announced its results for the quarter & year ended 31 March 2021. Within the last 4 quarters, on a consolidated basis, the company’s net revenue in Q4FY22 grew 140% YoY to Rs 17.24 crore. Similarly, the PAT went from a loss of Rs 3.24 crore in Q4FY21 to Rs 1.6 crore in Q4FY22.

Like the majority of the businesses, IBL was affected adversely when the pandemic struck. As the restrictions eased, the company’s business started gaining pace. Looking at the last 8 quarters, the company’s sales have grown over 400%, whereas the net profit has turned around from a loss of Rs 5.3 crore in the June 2020 quarter to a profit of Rs 1.6 crore in the recent quarter March 2022.

The company is currently trading at a TTM PE of 32.63x, as against the industry PE of 46.26x. In FY22, the company delivered an ROE & ROCE of 18.38% and 20.46%, respectively.

At 1.27 pm, the shares of Indrayani Biotech Ltd were trading at Rs 40.50, an increase of 1.63% from the previous day’s closing price of Rs 39.85 on BSE. Its market cap stands at Rs 139.48 crore.

Share Market Today


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Kundan Edifice IPO Listing Day Performance

Weak listing for Kundan Edifice IPO, but bounces to upper circuit

  • Sep 27, 2023
Plaza Wires IPO GMP (Grey Market Premium)

Plaza Wires IPO worth ₹71.28 crore comprises entirely of a fresh issue of shares and no offer for sale component. Here it must be noted that while the fresh issue component infuses fresh funds into the company, it also is EPS dilutive and equity dilutive.

  • Sep 27, 2023
E Factor Experiences IPO GMP (Grey Market Premium)

E Factor Experiences IPO is a fresh issue of shares with no offer for sale. It is a book built issue with the share having a face value of ₹10 per share and the IPO price band set in the range of ₹71 to ₹75 per share.

  • Sep 27, 2023