Shares of this stock under the ‘small-cap’ category have proven to deliver multibagger returns of 5,388 percent over a period of 3.5 years. In the last five trading sessions, the company’s stock has gained over 14 percent.
K&R Rail Engineering Limited is a company based in India that is engaged in the business of laying private railway sidings on a turnkey basis. It offers a wide range of services pertaining to the laying of tracks, electrification, signaling, and, telecommunication in the railway industry.
With a market capitalization of Rs 1,601.81 crores, the company’s shares closed at a price of Rs 832.55 on Friday, gaining around 1.20 percent as compared to the previous close of Rs 822.25 apiece. The stock reached its 52-week high level on 6th October 2023 at a price of Rs 863.35.
According to the data available from the Bombay Stock Exchange (BSE), the company’s stock has given multibagger returns of 5,388 percent over a period of 3.5 years ranging from Rs 15.17 in March 2020 to the current stock price levels prevailing in the markets.
The same means that if someone had invested Rs 10,000 into the stock, it would have converted to around Rs 5.48 lakhs within the period mentioned above.
The latest quarterly financial reports of the company portray the operating revenue increasing from Rs 154 crores during Q4FY22-23 to Rs 161 crores during Q1FY23-24. Moreover, the net profits of the company rose marginally from Rs 2 crores to Rs 3 crores keeping the timeframe the same.
The debt-to-equity ratio of the company, in alignment with the positive movements mentioned above, reduced from 0.33 times during FY21-22 to 0.15 times during FY22-23.
The latest shareholding data available for the June 2023 quarter represents that the Promoters holding a 61.42 percent stake followed by the Retail Investors holding a 38.58 percent stake in the company.
Written by Amit Madnani
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