Multibagger stock engaged in providing end-to-end solutions for advertising and media services jumped 4 percent in the day’s trade after it bagged a work order worth Rs. 11 Crores.
At 9:58 a.m the shares of Crayons Advertising Limited were trading at Rs. 180.50, up 4 percent from its previous day’s close price of Rs. 177 and its market capitalization is Rs. 442 Crores. It has delivered multi-bagger returns of 100 percent since its listing on June 2, 2023.
Crayons Advertising Limited has received a work order worth Rs. 11 Crores from the Event Management agency for the management of the Nua-O District Festival in Odisha, which will span across 30 districts in Odisha.
Crayons Advertising Limited is an Integrated marketing and communications agency that offers 360-degree solutions related to advertising, media services, and many more, to all types of clients as per their requirements.
The company’s revenue from operations grew 43.19 percent from Rs. 192.53 Crores in FY22 to Rs. 275.68 Crores in FY23, accompanied by increasing profits of Rs. 1.61 Crore to Rs. 16.59 Crores.
It has reported a return on equity (ROE) of 36.44 percent and a return on capital employed (ROCE) of 41.95 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the quarter ended September 2023, the company’s Promoters hold a 73.50 percent stake, the Foreign Institutional Investors (FII) hold 5.30 percent and the Domestic Institutional Investors hold 0.00 percent.
Written by: Bharath K.S
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