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Multibagger stock engaged in trading various kinds of rubber components like rubber profiles, aluminum rubber profiles, automobile rubber profiles, and many more jumped 3 percent in the day’s trade upon receiving a new work order from a Reliance Group-owned Company. 

Price Action 

With a market capitalization of Rs. 210 Crores, the shares of Gayatri Rubbers and Chemicals Limited were trading at Rs. 365 per equity share, up 2.6 percent from its previous day’s close price of Rs. 355.55. It has delivered a multi-bagger return of 652 percent in a year. 

What Happened 

Gayatri Rubbers and Chemicals Limited has received a new work order from Sintex – BAPL Limited for the Manufacturing and Supply of Neoprene Rubber Gaskets for a consideration of Rs. 10.76 Lakhs and the work order should be executed by August 30, 2024. 

About the Company 

Gayatri Rubbers and Chemicals Limited is engaged in the business of manufacturing and trading rubber profiles, aluminum rubber profiles, automobile rubber profiles, rubber compounds, various kinds of rubber components, and clear polyvinyl chloride (PVC) profiles. 

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Financials and Ratios 

Its revenue from operations grew by 9.91 percent from Rs. 22.21 Crores in FY23 to Rs. 24.41 Crores in FY24, accompanied by profits of Rs. 0.91 Crores to Rs. 1.56 Crores. 

In terms of Return ratios, it has reported a return on equity (ROE) of 16.1 percent, and a return on capital employed (ROCE) of 24.8 percent. It has reported a debt-to-equity ratio of 0.05. 

Written by: Bharath K.S 

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