Shares of this microcap company clocked 5 percent upper circuit in Tuesday’s trading session after reporting an increase in net profits by 265 percent. The shares have delivered a multibagger return of 121 percent to its shareholders in six months.
With a market capitalization of Rs. 64.1 crores, the shares of Unique Organics Ltd started Tuesday’s trading session on a higher note at Rs. 105 compared to its previous close of Rs. 102.60. During the trading session, the shares clocked 5 percent upper circuit at Rs. 107.70.
Such a bullish movement in the share price was observed after the company announced their October to December results. Looking at the company’s financial statements, the revenue increased by 126 percent from Rs. 30.80 crores during the September quarter to Rs. 69.65 crores in the December quarter. In addition, the net profits zoomed by 222 percent from Rs. 1.02 crore to Rs. 3.28 crores during the same timeframe.
Comparing these metrics on a YoY basis, the revenue improved by 34 percent from Rs. 51.97 crores during Q3FY23 to Rs. 69.65 crores in Q3FY24. On the other hand, the net profits magnified by 265 percent from Rs. 89.83 lakhs to Rs. 3.28 crores during the same period.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 0.15 percent during FY 21-22 to 23.61 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 4.77 percent to 34.95 percent during the same timeframe. Furthermore, the net profit margin increased from 0.02 percent during FY21-22 to 2.10 percent during FY22-23.
According to the latest shareholding pattern, the Promoters hold 34.64 percent of shares and the remaining 65.37 percent stakes are with the Retail Investors.
Headquartered in Rajasthan, Unique Organics was incorporated in 1993. The company manufactures and exports agriculture commodities, food, spices, ruminant feed and other animal nutritional products.
Written By Vaibhav Patil
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