Starlineps Enterprises Limited’s shares surged 19.97 percent on Monday’s early trades to reach a fresh all-time high of ₹ 124.65 apiece on the Bombay Stock Exchange (BSE). The wholesale B2B company is engaged in the business of precious stones and jewellery.
The company’s shares were trading at ₹ 122.35 apiece at 12:18 PM on Monday. Starlineps Enterprises Limited has given multibagger returns of 203.98 percent in a one-year time frame. Its share price increased from ₹ 40.25 apiece to the current level. If an investor would have invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 3.03 lakhs today!
Similarly, the shares have given multibagger returns of 1327.66 percent in a five-year period, as their share price surged from ₹ 8.57 apiece to ₹ 122.35. If an investor would have invested ₹ 1 lakh in the shares of the company five years ago, the value of their holdings would have been a whopping ₹ 14.27 lakhs today!
Financials
Starlineps Enterprises Limited is a small cap company with a market capitalization of ₹ 410 crores. It launched its IPO in the year 2017. The company’s sales show an increasing trend for the last five years, however, its profits show a decreasing trend. The company is almost debt free with a debt-to-equity ratio of 0.00.
On the flip side, its promoters hold a 55.86 percent stake in it, however, 83.23 percent of their stake is pledged. It has a low return on equity of 1.28 percent, a low return on capital employed of 1.67 percent, and a low net profit margin of 1.89 percent. Moreover, it has a high price to book value of 22.00.
Written by Simran Bafna
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
