Shares of this Micro-cap stock operating in the ‘Railway’ industry have given multibagger returns of over 1,000 percent in the last one-year period.
The stocks of K&R Rail Engineering Limited opened their trading hour today at Rs 498 and currently trade at Rs 472, slipping around 1.50 percent as compared to the previous closing levels of Rs 478.90. The company has a market capitalization of Rs 900 crores. The company’s stock hit its all-time high mark of Rs 544 this year in the month of May 2023.
Year-To-Date, the company’s stock delivered multibagger returns of 621 percent ranging from Rs 65.45 at the start of January 2023 to the current price levels.
Moreover, keeping a horizon of one year, it gave returns of a whopping 1,180 percent ranging from Rs 36.90 to the current levels. It means that if someone would have invested Rs 1 Lakh into the stock, it would have converted to Rs 12.80 Lakhs within a period of one year.
According to the standalone financials reported by the company, the operating revenues as well as net profits, on a QoQ basis, were on the rise with the former moving up from Rs 58 crores during Q3FY22-23 to Rs 154 crores in Q4FY22-23 and, the latter moving from Rs 1 crore to Rs 2 crores.
Apart from the above, the company has reduced its debt-to-equity ratio from 0.33 times during FY21-22 to 0.15 times in FY22-23.
As per the data available for the March 2023 quarter, the Promoters hold a 74.88 stake of percent in the company. The rest of the shareholding is pertaining to the public/retail investors.
K&R Rail Engineering Limited is a company based in India that, on a turnkey basis, is engaged in the process of laying private ‘Railway Sidings’. It offers services such as signaling, telecommunication, electrification, and many more in the ‘Railway’ Industry
Written by Amit Madnani
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