The benchmark equity indices closed the trading session on a positive note on Friday, June 14. The BSE Sensex gained 139 points or 0.18 percent to finish the day’s trading at 76,949.49, while the NSE Nifty 50 closed 55 points or 0.24 percent. higher at 23,453.90.
Listed below is a hidden micro-cap stock that has reported a net profit margin of 22 percent for the year 2024:
With a market capitalization of Rs 120 crores, the shares of BN Rathi Securities Ltd moved down by 0.14 percent and closed at Rs 116.90 a piece on Friday’s trading session. Comparing today’s high of Rs 120 per share and to a previous close of Rs 117.06 per share, the stocks surged by 2.5 percent.
Analyzing the financials of the firm On a year-on-year basis, the revenue from operations increased by 21.2 percent from Rs. 47 crores in FY22-23 to Rs 57 crores in FY23-24. While the net profits of the firm increased by 37.5 percent from Rs. 8 crores in FY22-23 to Rs 11 crores in FY23-24.
As of March 2024, the ROE stood at 16.72 percent, The ROCE was 23.83 percent and the company has a zero debt-to-equity ratio. The operating profit margin and the gross profit margin of the firm stood at 31.79 percent and 32.68 percent respectively.
The EPS of the firm has increased from Rs 9.02 per share in March 2023 to Rs 11.50 per share in March 2024.
The company derives its revenues through commissions earned by providing trading activities, investment advisory, and mutual fund services.
The shares of this company generated a multi-bagger return of 185.89 percent over the past year and 31.63 percent over the past 6 months.
As of March 2024, the firm’s shareholding pattern stood at 47.61 percent for promoters and 52.39 percent for the public.
Incorporated in 1985, B.N.Rathi Securities Ltd is in the business of providing brokerage services in securities and also deals in depository operations and institutional equities.
Written By Zahal.
