Share of small-cap stock has proven to deliver multi-bagger returns of over 2,630% returns during a long-term period of three years.
On Thursday’s session, the stock closed 1.36% at of ₹567 per share from the previous close of ₹559.40 with a market capitalization of ₹970 crores.
Tinna Rubber and Infrastructure Limited has given multi-bagger returns of approximately 2,630% over three years ranging from ₹20.95 in January 2021 to the current stock price levels of ₹563.
For example, if an investor invested ₹10,000 three years ago the current value of the investment would be ₹2.73 Lakhs. Additionally, In the last three years company has announced its dividend twice totaling ₹9 per share.
Tinna Rubber and Infrastructure Ltd reported a 21.8% year-on-year increase in net revenue, from ₹65.38 crore in Q2FY23 to ₹79.69 crore in Q2FY24. Their revenue decreased by 1% QoQ, from ₹80.47 crore in Q1FY24 to current levels.
Additionally, the company’s net profit increased by 81% YoY, from ₹4.2 crore in Q2FY23 to ₹7.62 crore in Q2FY24. Profit increased by 8% QoQ, from ₹7.05 crore in Q1FY24 to current levels.
The price-to-earnings ratio of 36 is lower than the industry average, as is the debt-to-equity ratio of 0.61, a return on equity ratio of 24%, a return on capital employed of 23%, and the net profit margin of 7% with a dividend yield of 0.44.
The promoters own 73.81% of the company’s shares, followed by the general public at 25.37% and foreign institutional investors at 0.82%.
Tinna Rubber and Infrastructure Limited is an Indian company. The Company’s primary business is the recycling of waste tires/end-of-life tires (ELT) and the production of value-added products derived from waste tires.
Written by Sriram KV
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